Senetas boosts 1H profit 217% to $450k

Senetas boosts 1H profit 217% to $450k

High speed network encryption hardware developer Senetas Limited (ASX:SEN) recorded a 217% increase in net profit to $450,000 in 1H10.

The company earned revenue of $8.2 million for the half-year, compared to $6.9 million from 1H09.

Security product revenue grew 69%, but this included revenues from a sale expected in Q3, Senetas said.

Senetas remained debt free during the period, and won several orders including its first deal with the UK government.

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Tags NetworkingTelecommunicationsfinancial resultsSenetas

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