Avanceon Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PKR 1,198.29 million compared to PKR 1,329.64 million a year ago. Net income was PKR 688.54 million compared to PKR 339.5 million a year ago.

Basic earnings per share from continuing operations was PKR 1.668 compared to PKR 0.8222 a year ago. Diluted earnings per share from continuing operations was PKR 1.6363 compared to PKR 0.8063 a year ago.