Unifi Inc., the Greensboro, N.C.-based yarn manufacturer, reported Wednesday that net income for the third quarter ended March 30 more than triple to $4.7 million, or 25 cents a share, compared with net income of $1.4 million, or 7 cents a share, for the prior year quarter, reflecting improved operating results in its domestic business and lower domestic depreciation expenses.
These gains were partially offset by lower earnings from the company’s equity affiliates and higher domestic income tax expense.
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