Earnings Report /

Avanceon Ltd: 2QCY22 preview – Despite elevated tax, earnings will rise amid devaluation

  • AVN is expected to announce a consolidated NPAT of PKR420mn (EPS: PKR1.64) for 2QCY22, up 74% YoY and 24% QoQ.

  • Net sales are expected to rise 32%YoY /10% QoQ to PKR1.5bn. majorly due to acquisition of new orders & PKR devaluation.

  • Other income is expected to clock in at PKR381mn vs. PKR180mn in 1Q22, amid higher Fx gains as PKR depreciated c.9% QoQ.

Rahul Hans
Intermarket Securities
26 August 2022


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