Avanceon Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PKR 979.57 million compared to PKR 1,101.52 million a year ago. Net income was PKR 531.75 million compared to PKR 241.68 million a year ago. Basic earnings per share from continuing operations was PKR 1.6609 compared to PKR 0.7565 a year ago. Diluted earnings per share from continuing operations was PKR 1.6435 compared to PKR 0.7478 a year ago.
For the six months, sales was PKR 2,309.21 million compared to PKR 2,380.6 million a year ago. Net income was PKR 871.25 million compared to PKR 486.51 million a year ago. Basic earnings per share from continuing operations was PKR 2.7304 compared to PKR 1.5217 a year ago. Diluted earnings per share from continuing operations was PKR 2.6957 compared to PKR 1.5043 a year ago.