tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Unisync Corp Reveals Stronger Q2 Financials

Unisync Corp Reveals Stronger Q2 Financials

Unisync Corp (TSE:UNI) has released an update.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

For further insights into TSE:UNI stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1