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Senetas Corporation: Expecting 170pc increase in H1 earnings

February 4, 2021

Senetas Corporation (SEN) is expecting a 170 per cent increase in its underlying earnings before interest, taxes, depreciation, and amortization (EBITDA)
The cybersecurity business revealed the strong result as part of its unaudited half-year results for the 2021 financial year
The tech stock is also expecting its underlying revenues to hit up to $12.8 million, an increase of 30 per cent
In addition to this, Senetas believes its net profit after tax will total between $100,000 and $200,000 for the period
The technology stock is expecting more growth in the second half, as its Votiro Cybersec Global investment has picked up by a Fortune 500 company
Shares in SEN are trading up 12.3 per cent at 6.4 cents each