Pulse Group delivers maiden profit

The firm recorded pre-tax profit of $0.24m compared to a loss of $1.56m last year, although revenue fell year-on-year from $1.83m to $1.75m.

Pulse chairman and CEO Bob Chua (pictured) said: “This has been a transformational period and we are delighted to report a profit for the company. 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 healthcare.”

Chua said that the firm had drawn-up an “aggressive” growth strategy based on developing its existing technologies, such as the Planet Pulse online community, and expansion through mergers and acquisitions was “being pursued”.

The firm said that it is “currently in talks with synergistic companies” about possible deals.