Pulse’s Bottom-Line Improves on Fair Value Gain on Properties & Higher Revenues

• For the 9 month period ending March 2021, Pulse Investments reported a net profit of $928.01Mn (EPS: $0.15), which translates to a 27.4% increase over the same period in the prior year.
• Its performance was bolstered by fair value appreciation on an investment property (37.3% or $162.74Mn), and an 11.7% (or $55.49Mn) increase in revenue.
• The company recently received $1.20Bn in the financing, with $440.00Mn coming from a loan facility and a $771.00Mn note issued to a related party. The proceeds were used to acquire Villa Ronai ($640.00Mn) and $571.00Mn was used to retire debt. 
• Pulse plans to commence construction of 30 two and three-bedroom homes in the valley at Villa Ronai, with completion scheduled for 2024. This should bolster future income.
• The company’s stock price has depreciated by 11.8% since the start of the year, closing trading at $4.26. It currently trades at a P/E of 26.6x earnings, above the main market average of 24.0x earnings.

(Source: Company Financials)