Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

November 11, 2008 17:26 ET

Senvest Capital Reports Results for the Third Quarter Ended September 30, 2008

MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2008) - Senvest Capital Inc.(TSX:SEC) today reported a net loss of $18,362,961 or $7.00 per share for the three months ended September 30, 2008. This compares to earnings of $115,997 or $0.05 per share for the same period in 2007. For the nine months ended September 30, 2008, the net loss was $15,338,837 or $5.85 per share versus a net profit of $8,774,470 or $3.31 per share the prior year.

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 three months ended For the nine months ended
09/30/2008 09/30/2007 09/30/2007 09/30/2007
--------------------------------------------------------------------------
Net earnings (loss) $(18,362,961) $115,997 $(15,388,837) $8,774,470

Net earnings (loss)
per share $(7.00) $0.05 $(5.85) $3.31

Average number of
shares outstanding 2,622,770 2,648,456


Contact Information

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