Home / Knowledge / News / Apparel/Garments / Swimwear sales drive Tefron's quarterly revenues
Swimwear sales drive Tefron's quarterly revenues
16
May '08
Tefron Ltd a leading producer of seamless intimate apparel and engineered-for-performance active wear, announced financial results for the first quarter of 2008.

First quarter revenues were $50.9 million, representing a 4.5% increase from the first quarter of 2007 revenues of $48.8 million.

The increase in revenues in the quarter was due to an increase in sales of swimwear, including revenues delayed from the fourth quarter of 2007 and an increase in sales of active-wear products. This increase was partly offset by a reduction in sales of intimate apparel .

First quarter gross margin was 12.4% compared with a gross margin of 19.1% in the first quarter of 2007. Operating income for the quarter was $0.1 million (0.3% of revenues), as compared with an operating income of $5.0 million (10.2% of revenues) in the first quarter of 2007.

Net loss for the quarter was $0.7 million, or $0.03 per diluted share, as compared with net income of $3.8 million (7.8% of revenues), or $0.17 per diluted share, in the first quarter of 2007.

The decline in gross and operating margins in the quarter compared with the first quarter of last year was primarily due to the significant devaluation of the US Dollar versus the New Israeli Shekel, the higher proportion of Cut & Sew products in the active-wear sales mix which have a lower profitability than those of the Seamless products, and finally, the continuing short-term manufacturing challenges faced in the Hi-Tex division.


Must ReadView All

ASEAN ministers sign agreement on e-commerce

Apparel/Garments | On 17th Nov 2018

ASEAN ministers sign agreement on e-commerce

Member countries of the Association of Southeast Asian Nations...

UK Govt, fashion retailers sign agreement to fight slavery

Fashion | On 17th Nov 2018

UK Govt, fashion retailers sign agreement to fight slavery

John Lewis, M&S, New Look, NEXT, River Island and Shop Direct...

CNTAC delegation from China visits Pakistan

Textiles | On 17th Nov 2018

CNTAC delegation from China visits Pakistan

Chinese investors have expressed a desire to enter into joint...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Top executives, Textile industry

Top executives
Textile industry

Textile institutes need to change their curriculum

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search