Pulse’s over $720-million Q4 loss wipes out nine-month profit, will sell villas to pay down on bond

Pulse Investments reported a net loss of $720 million in its fourth quarter, which wiped out profit generated over nine months due to writing down its advertising entitlements, which resulted in a full-year loss for the modelling and hospitality company. “Your board took the difficult but responsible decision to recognise, in full and in a single year, a substantial provision against the advertising entitlements that the company has carried for many years,” stated Chairman Hilary Phillips.