UTi says first half volumes to remain soft

Friday, March 23, 2012

The Long Beach, Calif.-based supply chain company UTi Worldwide said profit for the fourth quarter ending Jan. 31 was $12.4 million, compared with $14.5 million in the same period a year earlier. Revenue was $1.15 billion, up less than 1 percent. However Chief Executive Officer Eric W. Kirchner said on an "adjusted basis," operating profit grew 24 percent and net income rose 39 percent compared to last year's fourth quarter. Kirch...

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