Pulse Investments Reporting Improved 2018 Revenues And Profits Before Taxation.
Kingsley Cooper, Chairman for Pulse Investments limited is reporting in the company’s just released 2018 Annual report improved revenues and profits before taxation.
Pulse investments recorded, for the financial ending June 2018, revenues moving from JA$488 million in 2017 to JA$608 in 2018, a 24.3 percent improvement.
Profits before taxation was up 28.6 percent coming in at JA$345.2 million compared to the JA$268.4 Million reported for 2017.
He also reported that income was up across the company’s various lines of businesses, with the greatest percentage gains recorded for the model agency commissions at 31.4 percent and rental income of 25 percent.
Model agency receipts moved from $27.2 million in 2017 to 42.1 million in 2018.
Rental income moved from $47.6 million in 2017 to $59.5 million in the current year, and as accommodation units come on stream in 2018 – 2019 financial year, additional revenues will be realised from the property rental business line, he said.
Commenting further on the results Mr. Cooper pointed shareholders to a deferred taxation amount of $43.3 charged to profits in the current year, as against a deferred tax gain of $8.4m in 2017.
Pulse Investments after adjustments for deferred taxation and other comprehensive income, saw earnings per share moving up 2 cents or 12 percent, moving from 17 cents to 19 cents in 2018.BM
To view Pulse Investments Limited 2018 Annual Report click HERE