Appulse Corporation Reports Financial Results for Six Months Ended June 30, 2024

Calgary, AB / Accesswire / August 21, 2024 – Appulse Corporation ("Appulse" or "the Corporation") reported financial results for the six months ending June 30, 2024.

The results reflect the Corporation's structure post the November 1, 2023 sale of Centrifuges Unlimited Inc. ("CUI"), generating $236,000 in interest revenue from conservative investments. Comparative results for 2023 included corporate costs and net income from discontinued CUI operations.

Financial statements highlight a dividend payment of $0.15 per share on June 7, 2024, totaling $2,216,000. As of June 30, 2024, total assets stood at $6,197,000, with liabilities at $146,000, resulting in a net equity of $6,051,000.

The net loss for the period was $119,000 ($.01 per share), compared to a net income of $279,000 ($.02 per share) in the prior year, which included income from discontinued operations.

On August 21, 2024, shareholders approved a reduction of stated capital for a distribution of $0.135 per share, totaling $1,994,261. The distribution process will take place from August 27 to September 3, 2024.