(Filed Under Financial and General Interest News). For the three months ended September 30, 2012 Tefron Ltd. sales declined to $27,671,000 from $30,119,000 during the same period the year before, but losses for the period shrank to $465,000 compared to $529,000 in 2011. For the nine months ended September 30, 2012 sales decreased slightly to $85,311,000 from $86,885,000 in 2011, but the company reported a slight profit of $12,000 as compared to a loss of $4,558,000.
On its web site, Tefron boasts that it “transformed the production of intimate apparel,” adding that “Seamless garments are the fastest growing segment of the intimate apparel business and will likely account for 50% of the industry’s $12 billion sales within the next ten years. Recent figures suggest that seamless intimate apparel has captured around 6% of the total market in the last five years. With the U.S.A as its primary market, Tefron controls about 30% of the burgeoning business for seamless underwear.”
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