Karachi May 3 2024: Avanceon Limited reported Loss of PKR 19 million for the first quarter ended March 31 2024, according to company filing for the exchange.
Company’s margins improved by nearly 15% to 35% for the first quarter.
This is the third time in the last five years that the company has reported quarterly loss.
Avanceon Limited was incorporated in Pakistan on 26 March 2003 as a private limited company which was converted to a public company on 31 March 2008 under the repealed Companies Ordinance, 1984.The principal activity of the Company is to trade in products of automation and control equipments and to provide related technical services.
