Textured yarn maker Unifi Inc has released operating results for its fiscal third quarter ending March 26th 2006.
The net income from continuing operations for the current quarter was a net loss of $1.3 million or $0.03 per share, which is equivalent to a net loss of $1.6 million or $0.03 per share for the prior March quarter.
The net income from continuing operations for the first nine months of fiscal year 2006 was a net loss of $9.5 million or $0.18 per share, which includes a total of $2.3 million in pre-tax impairment charges associated with the company's properties located in Mayodan, N.C., compared to a net loss of $7.3 million or $0.14 per share for the prior year period.
The net income for the current March quarter, including discontinued operations, was a net loss of $2.1 million or $0.04 per share compared a net loss of $1.9 million or $0.04 per share for the prior March quarter.
The net income for the first nine months of fiscal year 2006, including discontinued operations, was a net loss of $9.0 million or $0.17 per share compared to a net loss of $32.2 million or $0.62 per share for the prior year period, which includes charges associated with the closure of the company's facility in Ireland.
The net sales from continuing operations for the current March quarter of $181.4 million were down $26.3 million or 12.7 percent compared to net sales of $207.7 million for the prior year March quarter.
The net sales for the first nine months of fiscal year 2006 were $555.6 million, which is a decrease of $37.8 million or 6.4 percent compared to net sales of $593.4 million for the first nine months of fiscal year 2005. Net sales volume for the current quarter reflects the impact that higher energy prices and rising interest rates had on substantially slowing consumer spending in the fourth quarter of 2005.
marketing@alchempro.com
