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Pulse Investments fiscal Q2 profit climbs 28.9% YOY

Pulse Investments Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, amounted to 1 Jamaican cents per share, an increase of 16.3% from 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was J$16.4 million, a gain of 28.9% from J$12.7 million in the prior-year period.

The normalized profit margin increased to 25.2% from 22.0% in the year-earlier period.

Total revenue rose 12.2% year over year to J$65.1 million from J$58.0 million, and total operating expenses increased year over year to J$38.0 million from J$36.5 million.

Reported net income rose 25.7% on an annual basis to J$51.6 million, or 4 cents per share, from J$41.1 million, or 3 cents per share.

As of Jan. 26, US$1 was equivalent to J$120.50.