Senetas Corporation Limited provided earnings guidance for the fiscal 2013 and 2014. For the period, the company expects to record a net loss before tax of between $1.0 million and $1.6 million compared to a net loss before tax of $8.2 million for fiscal 2012. The loss in fiscal 2012 included a write-down of intangible assets of $6.7 million.

The company expects to return to profitability in fiscal 2014, reflecting the resizing of the business, the implementation of a sales focused business plan and the newly agreed exciting global partnership with long term sales and distribution partner, SafeNet. The company will make a further announcement about its profit expectations for 2014 in due course.