Textured yarn maker Unifi Inc on Thursday revealed narrower first quarter net losses of $22.6 million or $0.43 per share.

Net losses excluding discontinued operations and charges related to the closure of the company's facility in Ireland, were $1.3 million or $0.02 per share, down from $2.6 million or $0.05 per share in the prior year period.

For the quarter ended 26 September net sales from continuing operations were up 10.1 per cent to $180.2 million from $163.7 million last year.

Sales volume from continuing operations were up 7.4 per cent over the prior comparable quarter.

Bill Lowe, chief operating officer and CFO for Unifi, said the results indicated that "the broad set of actions taken over this calendar year has strengthened our underlying business.

"This also marks the second consecutive quarter in which we posted an operating profit, which is significant in that we have accomplished this as raw materials have risen by approximately 25 per cent since the prior comparable quarter."

Earlier this week Greensboro, NC-based Unifi said it was laying off 490 people at its recently acquired Kinston plant as it consolidates operations and tries to return to profitability.