Senvest Capital Inc.

Senvest Capital Inc.

March 30, 2005 16:46 ET

Senvest Capital Reports Results for the Year Ended December 31, 2004


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SENVEST CAPITAL INC.

TSX SYMBOL: SEC

MARCH 30, 2005 - 16:46 ET

Senvest Capital Reports Results for the Year Ended
December 31, 2004

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2005) - Senvest Capital Inc.
(TSX:SEC) today reported net earnings of $11,620,075 or $4.42 per share
for the year ended December 31, 2004. This compares to net earnings of
$4,611,134 or $1.79 per share for the same period in 2003.

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 YEAR ENDED
Dec. 31, 2004 Dec. 31, 2003
------------- -------------
Net Earnings $11,620,075 $4,611,134

Earnings per share - Basic $4.53 $1.84

Earnings per share - Diluted $4.42 $1.79

Average number of shares 2,630,135 2,574,844
outstanding



-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    SENVEST CAPITAL INC.
    George Malikotsis
    Vice President, Finance
    (514) 281-8082
    (514) 281-0166 (FAX)
    www.senvest.com