NEW YORK — Citing the benefits of its joint ventures and new foreign operations, Unifi Inc. said it narrowed its loss in its second fiscal quarter, despite a decline in sales.
The Greensboro, N.C.-based synthetic yarn marker recorded a loss of $2.2 million, or 4 cents a diluted share, for the quarter ended Dec. 29. That compares with a year-ago loss of $3.5 million, or 7 cents a share. Results were pre-tax gains of $2.6 million from equity in earnings of affiliates and $7.4 million from the company’s manufacturing alliance with DuPont.
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