Avanceon Ltd. profit for 9MFY18 rises 45.09% to Rs. 329 million

News Image

MG News | October 26, 2017 at 12:34 PM GMT+05:00

0:00
  • Avanceon Ltd. sales for the period increased by 20.44%, amounting to a total of 747 million Rupees during the nine months ended September, 30th 2017
  • Company’s Gross Profit increased by 18.75% to reach 326 million
  • The Profit after tax for the period increased by 45.09% reaching 329 million against last year’s profit of 226 million Rupees.
  • The company’s earnings per share – basic reached 2.49 rupees in the last nine months vs 2.4 in 2016
Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Nine Months Ended, September 30th 2017

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Sales

747,513

620,633

20.44%

Cost of Sales

420,685

345,403

21.80%

Gross Profit/(loss)

326,827

275,230

18.75%

Admin and Selling Expenses

103,939

96,436

7.78%

Other Operating Expenses

2,888

3,162

-8.67%

Other operating income

122,013

83,422

46.26%

Profit/(loss) from Operations

342,015

259,053

32.03%

Finance Costs

21,664

12,900

67.94%

Profit/(Loss) before tax

320,350

246,154

30.14%

Taxation

8,880

19,238

-53.84%

Profit/(Loss) for the year from operations

329,230

226,916

45.09%

EPS - Basic

2.49

2.15

15.81%

EPS - Diluted

2.40

2.05

17.07%

Company release on Earnings Report can be accessed here.

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 13, 2025 at 10:26 AM GMT+05:00

K-Electric dispels rumours of peak hour changes


July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg