Avanceon Limited has reported its financial results for the half year ended June 30, 2026, revealing a significant loss compared to the previous year.
- Reporting Period: Half Year ended June 30, 2026 (Un-audited)
- Revenue: PKR 7,037.19M (+34.3% YoY)
- Gross Profit: PKR 1,960.72M (+21.3% YoY)
- Operating Profit: PKR 21.74M (vs. PKR 421.39M YoY)
- Net Loss: PKR 259.85M (vs. Net Profit of PKR 167.99M YoY)
- EPS: PKR (0.62) (vs. PKR 0.38 YoY)
- Cash Dividend: NIL
- Main driver: Increased revenue was offset by higher operational costs and finance expenses, leading to a net loss.