Unisync Corp (TSE:UNI) has released an update.
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Unisync Corp reported a second-quarter income before tax of $0.6 million, a significant improvement from last year’s $1.1 million loss, with consolidated revenues of $25.7 million despite a decrease from the previous year. The company’s UGL segment saw an increase in gross profits due to customer price increases and lower delivery costs, while Peerless segment’s profits rose due to a higher margin mix of product sales. Unisync anticipates continued financial improvement following operational consolidations and cost-saving measures, as well as aggressive pursuits in the Canadian and US uniform markets.
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