Regional Business Information for the West Midlands
Pulse swings to maiden profit
12th October 2010
Market research agency Pulse Group reported a maiden profit of $0.24m for the year to May 31, turning round a previous loss of $1.57m.
Turnover fell to $1.75m from $1.83m but gross margins improved to 67% from 29%.
Pulse said its performance reflected the development of the group as it catered to more full-service assignments and increased operational and management efficiency.
No dividend was recommended.
Chairman and CEO Bob Chua said, 'We are now Asia's leading digital marketing research agency and still growing, having positioned ourselves as an agency of choice in sectors including finance and health-care.
'With our Planet Pulse Online Communities and Pulse DNA Project Management Engine proving highly effective, a client base including a number of multinational blue-chips and a defined but aggressive growth strategy, I believe we have a fantastic proposition both for the industry and the investment community.'
Story provided by StockMarketWire.com
