Pulse Investments Off to Strong Start

 

• Net profit more than doubled (104.9% or $124.27Mn) at Pulse investments for the first three months of the 2019 financial year. Net profit was $242.71Mn (EPS: $0.15) up from $118.44Mn (EPS: $0.07) one year prior.
• The company benefitted significantly from a fair value appreciation on investment property of $101.43Mn (or 230.6%).  In addition, the performance benefitted from a 15.7% (or $20.21Mn) increase in revenues.
• The stock has risen 50.2% YTD and closed yesterday’s trading session at $4.49 per share. At this price, the stock currently trades at a P/E of 9.34x which is below the Main Market sector average of 24.95x.

(Source: Pulse Investments Financials)