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Unifi Reports Profit Drop on High Raw Materials Costs

Synthetic fiber firm Unifi Inc. said external price pressures and underperformance have led to a short-term profitability decline, but an improving price-to-cost relationship is expected for the third and fourth quarters of fiscal 2019. The Greensboro, N.C.-based company on Monday announced preliminary financial results for its second fiscal quarter ended Dec. 30 and said it…

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