Fair value appreciation on investment property bolsters Pulse’s bottom line

• Pulse Investment Ltd. reported unaudited net profit of $728.17Mn (EPS:12¢) for the nine month period ended March 31, 2019, representing a 121.3% (or $399.16Mn) increase relative to the prior year.
• This outturn was as a result of an increase in fair value appreciation on investment property of 230.6% (or $304.28Mn) as well as a 37.0% (or $127.75Mn) increase in revenues. 
• The stock has declined 62.5% since the start of the calendar year. Pulse closed Thursday’s trading session at $2.25 and currently trades at a P/E of 4.8x earnings which is below the Main Market average of 15.9x.

 (Source: Pulse Financials)