Senetas Corporation Limited provided earnings guidance for the six months ended December 31, 2015. Following confirmation of the December 2015 sales results from the company's major distribution partner, Gemalto, the company now expects to make a net profit before tax of between $1.7 million and $1.8 million for the six months ended 31 December 2015. This result is below expectation and lowers than the net profit before tax of $2.8 million achieved for the half year ended 31 December 2014. Half year sales were impacted by two key factors. Firstly there were delays to key government contracts and secondly, there was some temporary sales disruption during the period resulting from the restructure of Gemalto's sales team. This restructure resulted after Gemalto's acquisition of SafeNet Inc. Delayed contracts are expected to be completed by 30 June 2016. The half year profit has also been impacted by the planned $1.6 million increase in research and development (R&D) expenditure during the 2016 financial year.

Current expectations are that second half 2016 profit before tax will be similar to or slightly higher than the prior corresponding period which will result in a net profit before tax of approximately $5 million being achieved for the full year to 30 June 2016.