Pulse Investments Increases Profits

• For the nine-month period ended March 31, 2019, Pulse Investments Limited reported an unaudited net profit of $329Mn (EPS: $0.21) up from $83Mn (EPS: $0.16) reported in the corresponding period of 2018. This represents a growth of 26.5%.
• The 10.2% growth in revenues partly contributed to the improvement in the bottom line. Revenues increased from $313Mn in 2018 to $345Mn in 2019.
• In addition, the appreciation (46%) of the company’s investment properties for the period also added to the improvement in performance in the period.
• The stock has fallen 0.33% since the start of the calendar year. Pulse Investments closed trading yesterday at $2.98, and at this price, it currently trades at a P/E of 12.42x earnings which is below the Main Market Real Estate sector average of 23.75x.

(Source: Pulse Investments Financials)