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.

 

Disclaimer:

Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

 

2017-11-15T17:43:36+00:00