State Bank’s LC approvals cast a shadow on Avanceon’s earnings

The publicly listed company’s PKR revenues grow to Rs4.6bn for 9-months of 2022 from Rs3.5 billion last year, but on the back of massive exchange rate gain of Rs1.64bn

Avanceon Limited, listed on the Pakistan Stock Exchange (PSX) with the symbol AVN, has posted a revenue of Rs4.6 billion for the nine months of 2022, up from Rs3.5 billion for the corresponding period of last year. 

 

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Taimoor Hassan
The author is a staff member and can be reached at [email protected]

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