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Article: Tefron Ltd. Reports First Quarter Results; Highlights -- Earnings per share of $0.08, basic and diluted. -- Net income of $1 million compared to net loss of $17.2 million last year. -- Operating income of $3.3 million, up 18.6% from the equivalent quarter last year. -- Continued strong EBITDA of $5.2 million for the quarter -- Expansion of product line into swimwear.
- Article from:
- PR Newswire
- Article date:
- May 13, 2003
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Tefron Ltd. , one of the world's leading producers of seamless intimate apparel, today announced financial results for the first quarter ended March 31, 2003.
Sales for the first quarter were $42.4 million, compared to sales of $40.2 million for the first quarter of 2002, a 5.5% increase. Operating income for the first quarter was $3.3 million, up 18.6% from $2.7 million for the same quarter last year. Net income for the quarter was $1.0 million, or $0.08 per basic and diluted share, compared to net loss of $17.2 million or -$1.46 per share for the same quarter last year. In the first quarter of 2002, the Company reported a one-time non-cash goodwill ...