UTi Worldwide Inc. reports financial results for the quarter period until July 31, 2008

UTi Worldwide Inc. (UTIW), British Virgin Islands company engaged in the supply chain services, logistics and freight forwarding, reported its quarterly data for the period ended July 31, 2008. The BVI company reported total revenue in the amount of US$1,251,390 thousands, compared to US$1,188,147 thousands in the previous period ended April 30, 2008.

Gross profit for the period ended July 31, 2008 was US$192,068 thousands, compared to US$173,993 thousands in the previous period ended April 30, 2008. The reported operating income is US$43,3 million – almost double increase from US$23,9 million.

In the reported period, earnings before interest and taxes were US$46,752 thousands, while earnings for the previous period were US$27,563 thousands. Interest expense was US$7,264 thousands (as compared to US$7,735 thousands). Net income was more than US$33,7 million, compared to US$13,5 million in the previous period.

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