Tefron Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
For the full year, the company's sales amounted to $113.5 million, a decrease of 4.2% compared with sales of $118.4 million in 2011. Operating profit amounted to $0.5 million compared to an operating loss of $3.5 million in the same period last year. EBITDA totaled $5.8 million an improvement of $3.1 million compared to EBITDA of $2.7 million in 2011. Cash flow from operating activities amounted to $2.3 million compared with a negative cash flow from operating activities of $8.6 million in 2011. The company recorded an annual positive cash flow from operations for the first time since 2007. Net loss was $0.46 million compared with $4.3 million in 2011. The loss per diluted share was $0.1 compared with $0.7 in the full year of 2011.