Israel-based manufacturer of seamless intimate apparel, activewear and swimwear, Tefron Ltd has reported positive results for the third quarter and nine months ended September 30, 2005.

Sales for the third quarter rose 10.1% to $48.1 million, compared with $43.7 million in the third quarter of 2004. Gross profit reached $9.8 million, compared with $4.6 million in the same period in 2004.

For the first nine months, the company reported sales of $150.5 million, up 8.9% compared with $138.2 million reported in the same period last year. Gross profit for the first nine months was $26.5 million, compared with $19.5 million.

Meanwhile, Tefron has appointed Ishay Davidi as the new chairman of the board of directors. Mr. Davidi replaces Arie Wolfson. This appointment is in connection with the investment of FIMI and Mivtach Shamir in the company in February 2004. Mr. Davidi serves as CEO and senior partner of FIMI.