PULS reports 17% increase in nine months net profit
For the nine months ended March 31, 2017, Pulse Investment Limited (PULS) recorded operating revenue of $263.66 million, up 22% from the $216.35 million reported in 2016, while Operating Revenue for the three months ended March 2017 was up 16.3% to close at $75.17 million (2016: $64.65 million). Administrative and Other Expenses grew by18%, closing the period at $122.11 million (2016: $103.13 million). For the three months ended March 2017, Administrative and Other Expenses amounted to $37.47 million relative to $33.21 million reported in the corresponding period of 2016; this represents a 12.8% increase. As such, Operating Profit increased 25%,
ISP turn profit for the first quarter ended March 2017
For the first quarter ended March 31, 2017, ISP Finance Services Limited’s (ISP) Total Interest Income amounted $65.53 million compared to $52.43 million in 2016, an increase of 25%. It is broken down as follows: Interest Income from Loans grew by 26% to total $64.28 million relative to $51.21 million reported in the same period of 2016. Interest Income from Banks and Other Receivables was up 3%, amounting to $1.25 million (2016: $1.21 million). Interest Expense totaled $6.33 million relative to $4.35 million in 2017; this represents a 45% increase. As a result, Net Interest Income grew by
SRA reports year end net profit of $1.76 million
For the year ended March 31, 2017, Sweet River Abattoir & Supplies Company Limited (SRA) recorded a 60% increase in revenues to $345.25 million compared to the $215.15 million reported in 2016. Revenue for the fourth quarter amounted to $88.15 million compared to $55.87 million in 2016. The Company comments that the, “The company generated sales revenues in the Fourth quarter of 2017 in the amount of $88.2 million when compared to $55.9 million of the previous year; an increase of $32 million or 58% This increase was due to us expanding our market share.” SRA further noted, “not included