Pulse Investments Limited (PULS)
Unaudited financials for the first quarter ended September 30, 2024:
Pulse Investments Limited (PULS) for the first quarter ended September 30, 2024, reported a 52% decrease in Operating Revenue totalling $132.47 million compared to $275.31 million in the corresponding three months last year.
Administrative and other expenses amounted to $73.58 million (2023: $63.05 million), this represents an increase of 17% year over year. Consequently, operating profit decreased by 72% to $58.89 million compared to $212.26 million for the first quarter ended September 30, 2023.
Fair value appreciation on investment property decreased by 62% to close at $102.59 million (2023: $271.90 million), while Finance Cost decreased by 100% from $140,000 in 2023 to $0 for the three months.
Pre-tax Profit for the first quarter ended September 30, 2024, amounted to $161.48 million, a 67% decrease relative to $484.02 million reported in 2023.
No taxes were reported. As such, Net Profit for the three months amounted to $161.48 million, a 67% decrease from the $484.02 million reported in 2023.
Consequently, Earnings Per Share for the three months amounted to $0.02 (2023: EPS: $0.07). The twelve-month trailing EPS was $0.03, and the number of shares used in these calculations was 6,522,952,176.
Notably, PULS’s stock price closed the trading period on December 24, 2024, at a price of $1.11 with a corresponding P/E ratio of 32.85x.
Balance Sheet Highlights
The company’s assets totalled $11.98 billion (2023: $11.89 billion). The growth in total assets was led by a $175.87 million or 2% increase in ‘Investment property’ to $8.31 billion (2023: $8.13 billion).
Shareholder’s equity was $9.42 billion (2023: $9.57 billion), representing a book value per share of $1.44 (2023: $1.47).
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