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

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 31^st, 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 31^st 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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