Avanceon Limited announces Financial Results for the year ending 31st December, 2017

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MG News | March 21, 2018 at 01:05 PM GMT+05:00

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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.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Half Year Ended, December 31st 2017

Key Financials

2017

2016

% Change
 

Amounts in PKR ‘000

Sales

1,260,594

903,014

39.60%

Gross Profit

481,588

369,536

30.32%

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.

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