On December 14, 2007, UTI Worldwide, Inc., an international, non-asset-based global integrated logistics company providing supply chain management and optimization solutions, announced the results the quarter ending on October 31, 2007.
According to the income statement made by the British Virgin Islands-registered UTI Worldwide, the company’s gross profit was more than USD 184 million, while in the previous quarter it was about USD 171 million.
As regards operating income or loss, it increased to almost USD 49 million as compared to approximately USD 43 million in the previous quarter and about USD 32 million in the quarter ending on April 30, 2007 and in the quarter ending on January 31, 2007.
Net income of the BVI-based UTI Worldwide, Inc. for the quarter has also increased as compared to previous quarters of the year. Net income for the quarter was almost USD 35 million, while it was only USD 24 million in the 1st quarter.
[...] the press release, the BVI company said it expects all the above measures to reduce annual operating costs by the amount about [...]