Pulse Investments Limited Announces Unaudited Financial Statements for the Third Quarter and Nine Months Ended March 31, 2016
May 17, 2016
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Pulse Investments Limited Unaudited Financial Statements for the third quarter and Nine Months Ended March 31, 2016. For the quarter, operating revenue was $64,650,000, profit from operations was $31,436,000 and profit for the period was $57,123,000 or $0.21 per share against operating revenue of $57,472,000, profit from operations of $27,219,000 and profit for the period of $46,884,000 or $0.17 per share a year ago. Cash provided by operating activities was $18,272,000 against $5,849,000 a year ago.
For the nine months, operating revenue was $216,352,000, profit from operations was $113,222,000 and profit for the period was $189,055,000 or $0.70 per share against operating revenue of $184,961,000, profit from operations of $84,957,000 and profit for the period of $145,886,000 or $0.54 per share a year ago. Additions to property, plant and equipment was $169,000. Cash provided by operating activities was $37,864,000 against $16,036,000 a year ago.
Pulse Investments Limited is an entertainment company. The Company is engaged in model agency representation, multi-media production, marketing, show production and promotion, and sub-letting of leasehold properties. It owns and operates its own studio, filming and editing facilities as well as its shoot locations. The Company sells its TV shows to cable television stations, free-to-air television stations and Internet broadcasters in the local, Caribbean and international markets. The Company's TV titles include Caribbean Fashion Weekly, Caribbean Model Search and Best of CFW. The Company also owns two investment properties, namely the Pulse Suites at Villa Ronai, located in Stony Hill and Pulse Centre on Trafalgar Road. Its Pulse Suites at Villa Ronai offers approximately 75-unit of guest suites, residential units, restaurants, function areas, spa, wedding center and fitness center. The Pulse Centre at Trafalgar Road is a 60 unit mix of shops, offices and beauty services outlets.