Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

May 13, 2005 08:00 ET

Senvest Capital Reports Results for the First Quarter Ended March 31, 2005

MONTREAL, QUEBEC--(CCNMatthews - May 13, 2005) - Senvest Capital Inc. (TSX:SEC) today reported net loss of $756,716 or ($0.29) per share for the three months ended March 31, 2005. This compares to net earnings of $9,263,077 or $3.54 per share for the same period in 2004. Net asset value was $40.56 per share at the end of the first quarter. Beginning in 2005, the company has adopted fair value accounting, generally referred to as mark to market, for all financial instruments.

Senvest Capital Inc. and its subsidiaries have business activities in Merchant Banking, Asset Management, Real Estate and Electronic Security.



CONSOLIDATED STATEMENT OF EARNINGS
---------------------------------------------------------------------
(unaudited)

For the three months ended
---------------------------------------------------------------------

March 31, 2005 March 31, 2004
---------------------------------------------------------------------
Net Earnings (Loss) ($756,716) $9,263,077

Net Asset Value Per Share $40.56 $42.39

Earnings (Loss) per share - Basic ($0.29) $3.71

Earnings (Loss) per share - Diluted ($0.29) $3.54



Contact Information

  • Senvest Capital Inc.
    George Malikotsis
    Vice President, Finance
    (514) 281-8082
    (514) 281-0166 (FAX)
    http://www.senvest.com