Earnings Report: Avanceon Ltd. (PSX: AVN) today reported Financial Results for the Three and Six months ended June 30, 2017

Unconsolidated Profit and Loss Account - For the Six Months Ended

Key Financials

Jan - June, 2017

Jan - Jun, 2016

% Change

Common Size 2017

Amounts in PKR ‘000

Sales

383,241

317,313

20.78%

100%

Cost of Sales

241,568

168,064

43.74%

63%

Gross Profit/(Loss)

168,673

149,249

13.01%

44%

Admin: and Selling Expenses

79,582

61,821

28.73%

21%

Other Operating Expenses

2,047

3,072

-33.37%

1%

Other Operating Income

91,281

83,218

9.69%

24%

Profit/(Loss) from operations

178,324

167,574

6.42%

47%

Finance costs

11,486

7,960

44.30%

3%

Profit/(loss) before Tax

166,838

159,614

4.53%

44%

Taxation

15,008

17,451

-14.00%

4%

Profit/(loss) for the period from operations

151,830

142,163

6.80%

40%

EPS - Basic

1.15

1.08

6.48%

EPS - Diluted

1.10

1.03

6.80%