Tefron Ltd. announced earnings results for the fourth quarter and full year of 2011. For the quarter, the company's sales in the fourth quarter of 2011 totaled $31.5 million, an increase of 82% against $17.3 million during the parallel period last year. The operative profit totaled approximately $250,000 in comparison to the operative loss in the sum of $13,892,000 in the parallel quarter last year. It should be noted that the company is recording operative profitability after 17 continuous quarters where it recorded an operative loss. The EBITDA section (profit before financing, tax, depreciation and reductions) totaled approximately $1 million, an improvement of approximately $5.9 million against a negative EBITDA in the sum of approximately $4.9 million in the parallel quarter last year. The cash flow which was used for current activity totaled approximately $1.5 million, in comparison to approximately $1.0 million during the parallel period last year. The net profit totaled the sum of approximately $0.3 million in comparison to a loss in the sum of approximately $14.4 million during the parallel period last year. For the year, the company's sales in 2011 totaled $118.4 million, an increase of 37.6% against $86.0 million in 2010. The operative loss in 2011 was reduced by approximately 85% in comparison to the parallel period and totaled $3.5 million, in comparison to approximately $22.8 million during the parallel period last year. The main reasons for the transition to operative profit in the fourth quarter of the year and the reduction in the annual operative loss are the success of the application of the turnaround program, the increase in sales, inter alia as a result of the Nouvelle deal, a decrease in depreciation expenses, and a reduction in administrative and general expenses. The EBITDA totaled approximately a positive $2.7 million, a significant improvement in the sum of approximately $9.3 million against a negative EBITDA in the sum of approximately $6.6 million in 2010. The cash flow which was used for current activity totaled approximately $8.6 million, in comparison to approximately $2.4 million during the parallel period last year. The increase in the cash flow which was used for current activity in 2011 arose mainly from the increase in working capital requirements, mainly customers and inventory, for the purpose of financing the increase in the company's activity. The loss totaled approximately $4.3 million in comparison to a loss in the sum of $22.7 million during the parallel period last year.