Tefron posts strong growth
Israeli manufacturer of seamless intimate apparel, activewear and swimwear Tefron has posted strong growth in revenues and profitability for the fourth quarter and full year 2005.
Revenues reached $205.6 million during 2005, up 12.5% over 2004. Gross margins reached 19.1% and operating margins reached 6.5% in 2005.
For the fourth quarter revenues reached $55.1 million, up 23.4% over the same period in 2004. Gross margins reached 23.3% and operating margins reached 3.4%.
Tefron manufactures seamless intimate apparel, activewear and swimwear sold throughout the world by such brands including Nike, The Gap, Banana Republic, Target, Warnaco/Calvin Klein,