GREENSBORO – North Carolina-based fibre innovator Unifi, the company behind Repreve-branded recycled polyester, says it has narrowed its losses in its third-quarter financial results, pointing to a steady revival in demand for its yarns.
Its adjusted net losses totalled $10.3 million, almost a 30% improvement on quarter two ($14.7 million). However, this still represents double its losses this time last year ($5.2 million), due to lower price sales on higher volumes.
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