UTi Worldwide revenues down slightly in Q3 2014

6 December 2013

UTi Worldwide Inc. (NASDAQ: UTIW) said its fiscal 2014 third quarter revenues were USD1,154.4m, a decrease of 0.2 percent from USD1,156.7m.

Net revenues were USD393.5m, a decrease of 2.5 percent from USD403.6m.

On an organic basis, revenues increased 3.1 percent and net revenues increased 1.6 percent versus the comparable prior year period.

Net loss attributable to UTi Worldwide Inc. was USD9.1m, or USD0.09 per diluted share, compared to net income of USD10.5m, or USD0.10 per diluted share.

UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services.

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