UTi EXPECTS SLOWER GROWTH IN SECOND QUARTER
UTi Worldwide Inc. expects second quarter net revenue growth to slow to a rate of 1 to 5 percent, compared to the year-earlier period. Net revenues are anticipated at between $76 million and $79 million.
The company expects net income to be between $5.1 million and $5.6 million for the quarter as compared to $4.8 million of the year before.
Based in Rancho Dominguez, Calif., UTi Worldwide Inc., is a non-asset based supply chain management business providing supply chain logistics services and planning optimization solutions.