Unifi Rebounds in Final Quarter
Net loss narrowed at the maker of Repreve and other recycled yarns in the final fiscal quarter ended June 30 to $3,984,000 from a loss of $15,289,000, as revenues grew 4% to 157,452,000 from $151,058,000. Revenues from Repreve fiber products represented 34% of net sales. Gross margin improved 290 basis points to 6.9% representing a sequential-quarter improvement for all three reporting segments. ... Log in to view full article.
