Tefron's shareholders may obtain, free of charge, a printed copy of Tefron's complete audited financial statements for the year 2007 by sending a request to the Company's General Counsel, Michal Baumwald Oron (email: bomichal@tefron.com), or by calling 972-3-9230215.
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Tefron LTD. Reports 2005 Second Quarter and Six Month
Sales rose 9.1% to $49.8 million for the quarter and 8.4% to $102.4 million for the six
months period.
*
Net income of $1.5 million for the quarter and $2.7 million
for the six months period.
*
Strong EBITDA and operating cash flow for the quarter of
$6.0 million and $6.9 million, respectively.
*
Strong EBITDA and operating cash flow for the first six
months of $11.7 million and $12.0 million, respectively.
Misgav, Israel, August 9, 2005
--
Tefron Ltd. (NYSE:TFR), one of the world’s leading
producers of seamless intimate apparel and active wear, today announced
financial results for the second quarter and six months ended June 30, 2005.
Sales for the second quarter rose 9.1% to
$49.8 million, compared to sales of $45.6 million in the second quarter of 2004.
Gross profit for the second quarter was $8.4 million, compared to $7.6 million
in the second quarter of 2004. Operating income for the second quarter increased
63.8% to $3.5 million, compared to operating income of $2.1 million in the
second quarter of 2004. Net income rose to $1.5 million, or $0.08 per basic and
diluted share, for the second quarter of 2005, compared to net income of
$90,000, or $0.01 per basic and diluted share, in the second quarter of 2004.
Operating cash flow for the second quarter was $6.9 million, compared to $2.9
million for the econd quarter of 2004. EBITDA for the second quarter was $6.0 million, compared to $4.6 million in the
second quarter of 2004.
The Company reported sales of $102.4 million
for the first six months of 2005, up 8.4% compared to sales of $94.5 million for
the same period last year. Gross profit for the first six months was $16.7
million, compared to $14.8 million for the same period last year. Operating
income increased 62.6% to $6.7 million for the first half of 2005, compared to
$4.1 million for the same period last year. Net income for the first six months
was $2.7 million, or $0.16 per basic share and $0.15 per diluted share, compared
to 196,000, or $0.01 per basic and diluted share, for the same period last year.
Operating cash flow for the first six months was $12.0 million, up 121.3%
compared to operating cash flow of $5.4 million for the same period last year.
EBITDA for the first six months was $11.7 million, up 30.5% compared to EBITDA of $8.9 million for the
same period last year.
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