×
454
Fashion Jobs
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
By
Fibre2Fashion
Published
Aug 6, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Unifi sales fall, makes a loss, but recovery is under way

By
Fibre2Fashion
Published
Aug 6, 2020


Unifi, a leading innovator in recycled and synthetic yarns, posted a sales decline to $606.5 million in fiscal 2020, which ended on June 28, compared to $708.8 million last year. The company incurred a net loss of $57.2 million compared to net income of $2.4 million in FY19. The operating loss was $8.8 million compared to operating income of $10.9 million in FY19.



 
“By the end of March 2020, the pandemic started to impact our apparel and automotive customers as they shut down or significantly curtailed operations. Since April 2020, monthly sales have improved sequentially, including July 2020, the best month since March 2020,” CEO Eddie Ingle said.
 
Gross profit for the year fell to $39.0 million (FY19: $66.3 million). Selling, general and administrative expenses were down to $43.8 million ($52.6 million).

Sales of Polyester during FY20 dropped 16.6 per cent to $309.1 million. Sales in Brazil plunged 28.7 per cent to $73.3 million and nylon sales decreased 31.3 per cent to $67.3 million. However, sales in Asia rose 15.2 per cent to $153 million. 
 
“Significant progress was made during the first nine months of fiscal 2020 on several key priorities. At that time, our business in Asia experienced strong growth, our US polyester operations experienced underlying sales and market share growth as favourable trade measures were enacted, cost reduction actions contributed to our performance, and the sustainability focus of customers propelled further Repreve sales growth,” Ingle said.
 
“Looking forward, our innovative and sustainable solutions will be the growth engines that help us meet the evolving needs of our forward-thinking consumers.  We expect Repreve to grow in non-traditional markets, as more brands seek out ways to reduce the carbon footprint of their raw materials,” Ingle added.

Copyright © 2021 Fibre2Fashion. All rights reserved.