Avanceon Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PKR 2,304.43 million compared to PKR 1,217.21 million a year ago. Net income was PKR 860.5 million compared to PKR 98.9 million a year ago. Basic earnings per share from continuing operations was PKR 2.5478 compared to PKR 0.2957 a year ago. Diluted earnings per share from continuing operations was PKR 2.5217 compared to PKR 0.287 a year ago.
For the nine months, sales was PKR 4,613.64 million compared to PKR 3,597.81 million a year ago. Net income was PKR 1,731.75 million compared to PKR 572.1 million a year ago. Basic earnings per share from continuing operations was PKR 5.1304 compared to PKR 1.6957 a year ago. Diluted earnings per share from continuing operations was PKR 5.0696 compared to PKR 1.6783 a year ago.