Increased profit for Pulse Investments

Hospitality and modeling agency Pulse Investments made more profit in its first quarter ended September.

After meeting tax obligations, the company raked in $561.5 million.

For the similar period last year, Pulse made a profit of $398 million.

The company's revenues were up by $39.7 million.

Overall earnings for the period amounted to $257.6 million, versus the $218 million income for the corresponding period in 2021.

Pulse allocated $255 million for the construction of homes in its Villa Ronai project during the financial year ended June.
The Villa Ronai development will account for the bulk of the company's total assets, which equated to $9 billion as of June.
The development, expected to be completed by 2026, could be worth in excess of $6 billion on completion.


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