Pulse Investments Limited (PULS)
Unaudited financials for the six months ended December 31, 2024:
Pulse Investments Limited (PULS) for the six months ended December 31, 2024, reported a 51% decrease in Operating Revenue totaling $268.37 million compared to $552.22 million in the corresponding period last year. Operating Revenue for the second quarter had a 51% decrease to close at $135.90 million compared to $276.91 million for the comparable quarter of 2023.
Administrative and other expenses amounted to $138.03 million (2023: 137.36 million). Consequently, operating profit decreased by 69% to $130.34 million compared to $414.86 million for the six months ended December 31, 2023. The company booked operating profit of $71.45 million for the second quarter versus $202.60 million reported for the similar quarter of 2023.
Fair value appreciation on investment property decreased by 62% to close at $205.18 million (2023: $543.79 million).
No taxes were reported. As such, Net Profit for the six months amounted to $335.52 million, a 65% decrease from the $958.51 million reported in 2023. For the second quarter, Net Profit was $174.04 million (2023: $474.50 million).
Consequently, Earnings Per Share for the six months amounted to $0.05 (2023: EPS: $0.15), while Earnings Per Share for the quarter totaled $0.03 (2023: EPS: $0.07). The twelve-month trailing LPS was $0.01 and the number of shares used in these calculations was 6,522,952,176.
Notably, PULS’s stock price closed the trading period on February 17, 2025, at a price of $1.16.
Balance Sheet Highlights
The company’s assets totalled $12.13 billion (2023: $12.43 billion). The decline in total assets was led by a $157.53 million downturn in “Advertising entitlements receivable” from $2.58 billion in 2023 to $2.42 billion in 2024.
Shareholder’s equity was $9.59 billion (2023: $10.06 billion), representing a book value per share of $1.47 (2023: $1.54).
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