PULS reported a 11% increase in net profit for first quarter ended September 2017

Pulse Investments Limited (PULS)

For the three months ended September 30, 2017

Operating Revenue has increased by $11.28 million to $119.38 million year to date relative to $108.10 million the prior year, this represents a 10% increase.

Administrative and Other Expenses amounted to $46.27 million (2016: $44.55 million), an increase of 4%. As a result, Operating Profit increased by only 15% to close the period at $73.11 million (2016: $63.56 million).

Fair value appreciation on investment property rose 4% to $28.40 million compared to the $27.40 million recorded for the prior year’s corresponding period. Consequently, Profit before net finance costs improved 12% to $101.51 million up from $90.96 million for the comparable period in the prior year.

Finance costs increased to $670,000 relative to $230,000 the previous year.

Net Profit attributable to members totalled $100.84 million, a 11% increase relative to the $90.73 million in 2016.

Total comprehensive income amounted to $103.31 million relative to $93.20 million in 2016.

The earnings per share for the three-month period amounted to $0.062 versus $0.056 reported for the prior year’s corresponding period. The twelve months trailing earnings per share amounted to $0.18. The stock traded at $1.93 as at November 14, 2017. The number of shares used in this calculation was 1,630,738,044units.


Balance Sheet Highlights:  

The company, as at September 30, 2017, recorded total assets of $2.58 billion, an increase of 17% when compared to $2.21 billion recorded last year.

Total Stockholders’ Equity as at September 30, 2017 closed at $2.39 billion, a 14% increase from $2.09 billion for the corresponding period last year. This resulted in a book value of $1.47 compared to the value of $1.28 as at September 30, 2016.



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