Avanceon Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PKR 4,706.08 million compared to PKR 979.57 million a year ago. Net income was PKR 412.02 million compared to PKR 531.75 million a year ago. Basic earnings per share from continuing operations was PKR 1.1364 compared to PKR 1.5182 a year ago. Diluted earnings per share from continuing operations was PKR 1.1273 compared to PKR 1.5 a year ago.
For the six months, sales was PKR 5,904.37 million compared to PKR 2,309.21 million a year ago. Net income was PKR 1,100.56 million compared to PKR 871.25 million a year ago. Basic earnings per share from continuing operations was PKR 2.9909 compared to PKR 2.3636 a year ago. Diluted earnings per share from continuing operations was PKR 2.9455 compared to PKR 2.3364 a year ago.