Senvest Capital Inc.
TSX : SEC

Senvest Capital Inc.

March 22, 2006 10:22 ET

Senvest Capital Reports Results for the Year Ended December 31, 2005

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2006) - Senvest Capital Inc. (TSX:SEC) today reported revenues of $37,465,861 for fiscal 2005 versus $20,210,326 the prior year. Net earnings were $23,223,859 or $8.60 per share for the year ended

December 31, 2005. This compares to net earnings of $11,620,075 or $4.42 per share for the same period in 2004. The results for 2005 are in accordance with the Accounting Standards Board new CICA Handbook Sections that changed the way financial assets are accounted for and reported on the financial statements. Restatement of prior years' figures is not allowed. Therefore the financials for 2005 are compiled using mark to market accounting while those for 2004 reflect historical cost accounting.



CONSOLIDATED STATEMENT OF EARNINGS

For the year ended
Dec. 31, 2005 Dec. 31, 2004
------------- -------------

REVENUES $37,465,861 $20,210,326
NET EARNINGS $23,223,859 $11,620,075
EARNINGS PER SHARE
-BASIC $9.03 $4.53
-FULLY DILUTED $8.60 $4.42

Average number of shares
Outstanding 2,700,346 2,630,135


Contact Information

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