Business
Avanceon : Financial Results for the Quarter Ended 31 March 2025
Avanceon : Financial Results for the Quarter Ended 31 March
About this update from Avanceon Ltd.
[{"type":"text","content":"\n Regional Operations Centre The Avanceon Building\n 19 km Main Multan Road\n \n \n Lahore 54660 Pakistan\n \n \n \n 02 May 2025 AVN/PSX/F/02052025\n \n \n \n The General Manager.\n \n \n Pakistan Stock Exchange Limited. Stock Exchange Building,\n \n \n Stock Exchange Road, Karachi.\n Subject: Financial results for the 1stQuarter ended 31 March 2025 - Consolidated and Standalone.\n Dear Sir,\n \n \n \n We would like to inform you that the Board of Directors of our Company in their meeting held at Wednesday, 30 April 2025 at 05:30 P.M. at Regional Operations Centre, The Avanceon Building, 19-Km, Main Multan Road, Lahore / online, recommended the following: -\n \n \n CASH DIVIDEND NIL\n \n \n BONUS SHARES NIL\n \n \n RIGHT SHARES NIL\n \n \n ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL\n \n \n ANY OTHER PRICE-SENSITIVE INFORMATION NIL\n \n \n The unaudited financial results of the company (consolidated and standalone) for the 1stQuarter ended 31 March 2025 are as per attachment.\n \n \n \n The Quarterly Report of the Company for the period ended 31 March 2025 will be transmitted through PUCARS separately, within specified time.\n \n \n Yours truly,\n \n \n \n Ahsan Khalil | Company Secretary cc:\n \n \n Director/HOD,\n \n \n Surveillance, Supervision and Enforcement Department, Securities and Exchange Commission of Pakistan\n \n \n NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.\n https://www.avanceon.ae | Enquiries: [email protected]\n \n AVANCEON GROUP\n \n \n CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION\n \n \n AS AT MARCH 31, 2025\n \n \n Un-Audited\n \n \n Audited\n \n \n Un-Audited\n \n \n Audited\n \n \n Mar 31, 2025 \n \n \n Dec. 31, 2024 \n \n \n Mar 31, 2025 \n \n \n Dec. 31, 2024 \n \n \n (Rupees in '000)\n \n \n (Rupees in '000)\n \n \n EQUITY AND LIABILITIES\n \n \n SHARE CAPITAL AND RESERVES\n \n \n Authorised capital 500,000,000 (2023: 500,000,000)\n \n \n ordinary shares of Rs 10 each\n \n \n ISSUED, SUBSCRIBED AND PAID UP CAPITAL\n \n \n 417,571,424 (2024: 415,022,831)\n \n \n ordinary shares of Rs. 10 each\n \n \n CAPITAL RESERVES\n \n \n Share premium\n \n \n Employees' share compensation reserve\n \n \n Statutory reserve\n \n \n Exchange revaluation reserve\n \n \n Gain on diluation of interest\n \n \n Surplus on revaluation of property & equipment\n \n \n REVENUE RESERVES\n \n \n U...