Avanceon Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PKR 2,244.26 million compared to PKR 2,304.43 million a year ago. Net income was PKR 272.46 million compared to PKR 399.83 million a year ago. Basic earnings per share from continuing operations was PKR 0.7545 compared to PKR 1.1727 a year ago. Diluted earnings per share from continuing operations was PKR 0.7455 compared to PKR 1.1636 a year ago.
For the nine months, sales was PKR 8,148.64 million compared to PKR 4,613.64 million a year ago. Net income was PKR 1,373.02 million compared to PKR 730.2 million a year ago. Basic earnings per share from continuing operations was PKR 3.5727 compared to PKR 1.9 a year ago. Diluted earnings per share from continuing operations was PKR 3.5273 compared to PKR 1.8727 a year ago.