Avanceon Limited reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PKR 1,217.21 million compared to PKR 1,623.09 million a year ago. Net income was PKR 155.7 million compared to PKR 318.44 million a year ago. Basic earnings per share from continuing operations was PKR 0.488 compared to PKR 1 a year ago. Diluted earnings per share from continuing operations was PKR 0.48 compared to PKR 0.976 a year ago.
For the nine months, sales was PKR 3,597.81 million compared to PKR 3,622.57 million a year ago. Net income was PKR 642.21 million compared to PKR 745.54 million a year ago. Basic earnings per share from continuing operations was PKR 2.008 compared to PKR 2.336 a year ago. Diluted earnings per share from continuing operations was PKR 1.984 compared to PKR 2.288 a year ago.