Bagir shares (LON:BAGR) ticked up during Thursday morning trading after the company posted its final results for the year.
The tailoring firm said revenue increased by 10% to $56.4 million, up from $51.1 million in 2017.
Bagir attributed this to new client wins and increased orders from certain its existing customer base.
The company said it returned to adjusted profitability including earnings before interest, tax, depreciation and amortisation (EBITDA) in the second-half of the year.
This was as a result of due to expanding production capacity in Ethiopia, as well as competitive manufacturing programs in Vietnam and Egypt.
Moreover, Bagir said that its cost-saving program had ensured $2.7 million of annualised fixed cost savings.
Overall, the firm reported an adjusted EBITDA loss of $1.0 million, swinging to al loss from $0.6 million the previous year.
Nevertheless, the figure proved in line with management expectations, given rises in revenues across the period.
Bagir is a tailoring firm, based in Israel.
It provides tailoring for well-known retailers such as H&M, Brooks Brothers, as well as UPS delivery uniforms.
Shares in the AIM-listed firm are currently +20.83% as of 14:55PM (GMT).
