Misgav ? Seamless and intimate apparel
maker Tefron has narrowed its loss for the latest second quarter, helped an increase
in its production capacity and an expansion of its swimwear business to both US
and European markets.
Tefron, which has undergone significant restructuring
since the end of 2009 posted a net loss of US$2.0 million, compared to a loss
of US$4.6 million in the same quarter last year. Revenues were US$24.94 million
compared with US$25.26 million in the year-ago period while operating loss for
the latest quarter also narrowed to US$2.3 million from US$5.7 million.