(Filed Under Financial and General Interest News). Tefron Ltd.’s sales jumped dramatically in the first quarter of 2017, and the company registered a small profit compared to a sizable loss in the first three months of 2016.
For the three months ended March 31, the firm reported net income of $80,000 on sales of $33.106 million compared to a loss of $1.184 million on sales of $26.607 million for the same period last year.
Tefron produces, according to information on its website, intimate apparel for women and underwear for men, as well as shapewear for women, and activewear and casual attire for men and women. In images on its site, men’s underwear with the Calvin Klein logo can be seen as well as a bra with the Victoria’s Secret logo.
Tefron claims “a global reputation for technological superiority, as well as strategic partnerships and customer relationships with market leaders in fashion, athletics and wearable tech.”
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