Entertainment and real estate company Pulse, founded by Kingsley Cooper, is reporting a noteworthy financial performance for the period up to December 31, 2021.
The company proudly proclaims that it generated revenues of J$1.93 billion which produced a profit of $1.47 billion which compares favourably against June 2021 audited statements.
While liabilities grew to $1.4 billion, its assets sprung to $7.8 billion. Pulse accredits its good fortune to prudent plays in the real estate market.
It has now completed a 70-unit development at Villa Ronai which now houses one-bedroom apartments, studios, offices event spaces and restaurants. Pulse has now acquired Villa Ronai, which it values at $4 billion, having previously operated it under a 50-year lease.
Pulse has announced that it has already sold the first phase of the Homes at Villa Ronai project and the aim is to sell half the homes and keep the remainder as an investment property.
The group, renown for its stable of fashion models, secured almost $2 billion in a bond and other funding in an effort to retire debt and acquire Villa Ronai.