Dear Mr. Jones
Thank you for making contact with Senetas with regards to investor updates.
As you are aware, Senetas announced earlier this year that:
If there is any material change to the announcements made earlier in the year Senetas will continue to keep the market informed and make available any relevant information through its website and the ASX platform.
- The half year 2016 net profit before tax was $1.8m and operating revenue increased 7% to $8.7
- Cash balance at 31 December 2015 was $16.3m
- All new product development was on track
- Customer trials and certification processes for new product development were underway (100Gbps encryptor, Virtual encryption technologies, Custom algorithm products)
- It expected Profit Before Tax for the second half of FY2016 to be similar to or slightly higher than the prior corresponding period which would result in a Net Profit Before Tax of approximately $5 million for the full year to 30 June 2016
Thank you again for taking the time to write to us and for your ongoing support of the company.
Regards
Chris Knorr
Executive Director
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