Avanceon Limited reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was PKR 1,973.54 million compared to PKR 1,198.29 million a year ago. Net loss was PKR 19.19 million compared to net income of PKR 320.37 million a year ago.

Basic loss per share from continuing operations was PKR 0.05 compared to basic earnings per share from continuing operations of PKR 0.7391 a year ago. Diluted loss per share from continuing operations was PKR 0.05 compared to diluted earnings per share from continuing operations of PKR 0.7304 a year ago.