Senvest Capital Inc. TSX : SEC

March 20, 2008 16:42 ET

Senvest Capital Reports Results for the Year Ended December 31, 2007

MONTREAL, QUEBEC--(Marketwire - March 20, 2008) - Senvest Capital Inc. (TSX:SEC) today reported revenues of $29,194,875 for fiscal 2007 versus $33,678,686 in 2006. Net earnings were $5,891,192 or $2.23 per share for the year ended December 31, 2007. This compares to net earnings of $10,978,180 or $4.16 per share for the same period in 2006.

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

CONSOLIDATED STATEMENT OF EARNINGS


                                            For the year ended


                                 December 31,2007         December 31, 2006
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REVENUES                              $29,194,875               $33,678,686


NET EARNINGS                           $5,891,192               $10,978,180


EARNINGS PER SHARE                          $2.23                     $4.16


Average number of shares outstanding    2,647,354                 2,640,392