Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

October 30, 2006 17:39 ET

Senvest Capital Reports Results for the Third Quarter Ended September 30, 2006

MONTREAL, QUEBEC--(CCNMatthews - Oct. 30, 2006) - Senvest Capital Inc. (TSX:SEC) today reported net earnings of $6,094,902 or $2.30 per share for the three months ended September 30, 2006. This compares to net earnings of $8,639,543 or $3.35 per share for the same period in 2005. For the nine months ended September 30, 2006, net earnings were $13,130,830 or $4.98 per share versus net earnings of $4,445,775 or $1.72 per share the prior year. Book value increased to $56.68 per share at the end of the third quarter.

Senvest Capital Inc. and it's subsidiaries have business activities in merchant banking, asset management, real estate and electronic security.



CONSOLIDATED STATEMENT OF EARNINGS
(unaudited)

For the 3 months ended For the 9 months ended
9/30/2006 9/30/2005 9/30/2006 9/30/2005

NET EARNINGS
$6,094,902 $8,639,543 $13,130,830 $4,445,775


NET EARNINGS
PER SHARE $2.30 $3.35 $4.98 $1.72


Average number of shares
outstanding 2,635,395 2,577,952


Contact Information

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