Lahore, Pakistan: On Thursday, May 28, 2020, Avanceon Limited released its first-quarter financial results for the period ended on March 31, 2020. Avanceon achieved a whopping 161.31% increase in profits from last year during the same period. These numbers are on the back of Avanceon posting its best yearly net sales in history last year (2019), a massive 41% increase.
For more information on our first quarter results, kindly check our reporting to the Pakistan Stock Exchange and visit, https://propakistani.pk/2020/05/29/avanceons-quarterly-profits-increase-by-over-150/
—End of News Release—
About Avanceon – (PSX: AVN) – Avanceon is an industrial automation consultation and system integration entity in Pakistan, Qatar, UAE, KSA and United States. The company follows an ethical, proactive and sustainable approach to business. As a leading innovator within the automation industry, Avanceon provides state of the art automation solutions on three continents. Established in 1984, Avanceon is committed to providing engineering excellence to its clients and partners. Providing end to end solutions, which include Design, Supply, Engineering, Installation, Testing, Commissioning and Maintenance, Avanceon’s executive management has more than a hundred years of experience and insight within the automation and system integration industry.
Find out more about Avanceon at www.avanceon.ae