Avanceon Ltd. announced financial results for the year ending December 31st, 2017. The company reported Net Sales worth Rs. 1.260 billion during the year against Rs. 903.014 million same period last year; up 39.60 percent from last year.
Nimir Industries Ltd. reported bottom-line profits worth Rs. 462.108 million with a basic EPS of 3.50/share.
|Unconsolidated Profit and Loss Account – For the Half Year Ended, December 31st 2017|
|Key Financials||2017||2016||% Change|
|Amounts in PKR ‘000|
|Profit before Taxation||496,691||367,274||35.24%|
|Profit after Taxation||462,108||313,038||47.62%|
|EPS – Basic||3.50||2.37||47.68%|
|Eps – Diluted||3.30||2.25||46.67%|
The company release on the financial results can be accessed here.