Home / Knowledge / News / Apparel/Garments / Tefron profit jumps 83% in Q4 of 2011
Tefron profit jumps 83% in Q4 of 2011
02
Apr '12
Tefron Ltd announces result for the financial year 2011.

• For the first time after 17 continuous quarters Tefron records a positive net profit in the final quarter of the year
• The company shows a net profit of approximately 0.3 million dollars in the fourth quarter against a loss of approximately 14.4 million dollars during the parallel period.

Tefron's Results for the Fourth Quarter and for the Whole of 2011:

The company's sales in the fourth quarter of 2011 totaled 31.5 million dollars, an increase of 82% against 17.3 million dollars during the parallel period last year. The company's sales in 2011 totaled 118.4 million dollars, an increase of 37.6% against 86.0 million dollars in 2010.

Amit Meridor, Tefron's CEO: "Tefron is investing a great deal in the development of new technologies in order to place it as a world leader in the seamless field for several years to come."

Additional Prominent Statistics for 2011:
• An increase of approximately 15.9 million dollars in the gross profit for 2011.
• An increase of approximately 9.3 million dollars in the EBITDA section in 2011.
• A reduction of approximately 85% in the operative loss in 2011.

Amit Merido, Tefron's CEO: "The results of the fourth quarter continue the trend of the substantial change which took place in the company since the beginning of 2010 and we are proud of the substantial changes in the company's gross profit and the net profit. Together with the significant improvement in the operative results, the company increased the scope of its investments in development and the sales network.”

'The company invested in new technologies, in the promotion of the strategic merger with Cifra from Italy and in focusing resources to reinforce the company's status among its main customers. Tefron is one of the few companies in the world which supplies its customers with a basket of products which is built up from advanced developments based on new technologies. The company supplies competitive and high quality effective manufacture from Israel and at the same time since 2011 it supplies large quantities of cheap products from the Far East. Tefron's many investments in the development of new technologies and in unique collaboration place it as the leading company in the world in the seamless field for several years to come".

Arnon Teiberg, Tefron's Chairman: "The results of the fourth quarter reinforce Tefron in the path it has chosen on the way to becoming the largest and leading company in the world in the seamless field. The company's capability which it founded in 2011 to supply a range of products from the Far East enabled Tefron to significantly increase the basket of products and solutions for customers.”

Click here to read more details:

Tefron Ltd


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

November 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search