Avanceon Limited (PSX: AVN)

Avanceon Income Statement

Financials in millions PKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	17,119	17,767	9,538	7,118	6,445	4,896
Revenue Growth (YoY)	30.34%	86.27%	34.01%	10.45%	31.63%	40.66%
Cost of Revenue	11,618	12,161	7,032	4,840	4,603	3,412
Gross Profit	5,501	5,606	2,507	2,278	1,842	1,484
Selling, General & Admin	1,338	5,961	1,818	931.12	667.48	605.97
Other Operating Expenses	-317.14	-4,322	-31.65	-26.9	-40.49	-36.3
Operating Expenses	1,021	1,638	1,786	906.6	644.04	670.65
Operating Income	4,480	3,968	720.93	1,371	1,198	813.3
Interest Expense	-333.15	-238.22	-66.99	-62.5	-103.4	-78.43
Interest & Investment Income	14.28	13.7	6.89	4.46	7.31	13.04
Earnings From Equity Investments	110.37	110.37	-	-	-	-
Currency Exchange Gain (Loss)	-1,165	28.76	562.17	494.52	106.17	255.98
Other Non Operating Income (Expenses)	-170.41	-170.41	-156.06	-62.12	-28.94	-44.23
EBT Excluding Unusual Items	2,936	3,712	1,067	1,745	1,179	959.67
Gain (Loss) on Sale of Investments	-0.02	-0.02	-	0.28	1.51	0.19
Gain (Loss) on Sale of Assets	16.4	8.57	14.8	12.96	3.21	2.69
Pretax Income	2,952	3,720	1,082	1,759	1,183	962.94
Income Tax Expense	1,102	1,110	154.67	158.61	138.4	50.76
Earnings From Continuing Operations	1,850	2,611	927.08	1,600	1,045	912.18
Minority Interest in Earnings	-48.77	-95.35	-81.01	-23.06	-	-
Net Income	1,801	2,515	846.06	1,577	1,045	912.18
Net Income to Common	1,801	2,515	846.06	1,577	1,045	912.18
Net Income Growth	45.95%	197.30%	-46.35%	50.91%	14.56%	31.88%
Shares Outstanding (Basic)	451	413	413	412	402	402
Shares Outstanding (Diluted)	454	420	420	418	411	410
Shares Change (YoY)	10.71%	-	0.35%	1.72%	0.29%	0.19%
EPS (Basic)	3.99	6.09	2.05	3.83	2.60	2.27
EPS (Diluted)	3.96	5.99	2.02	3.77	2.54	2.22
EPS Growth	31.64%	196.84%	-46.48%	48.45%	14.22%	31.50%
Free Cash Flow	2,376	-829.35	72.3	-109.68	676.49	-119.38
Free Cash Flow Per Share	5.23	-1.98	0.17	-0.26	1.65	-0.29
Dividend Per Share	1.818	1.818	-	0.632	0.527	-
Dividend Growth	-	-	-	20.00%	-	-
Gross Margin	32.13%	31.55%	26.28%	32.00%	28.57%	30.31%
Operating Margin	26.17%	22.33%	7.56%	19.26%	18.58%	16.61%
Profit Margin	10.52%	14.16%	8.87%	22.16%	16.21%	18.63%
Free Cash Flow Margin	13.88%	-4.67%	0.76%	-1.54%	10.50%	-2.44%
EBITDA	4,537	4,003	772.71	1,393	1,215	829.11
EBITDA Margin	26.50%	22.53%	8.10%	19.57%	18.85%	16.93%
D&A For EBITDA	57.6	35.69	51.78	21.91	17.22	15.81
EBIT	4,480	3,968	720.93	1,371	1,198	813.3
EBIT Margin	26.17%	22.33%	7.56%	19.26%	18.58%	16.61%
Effective Tax Rate	37.33%	29.83%	14.30%	9.02%	11.69%	5.27%
Advertising Expenses	-	8.53	2.58	5.88	3.25	3.7

Source: S&P Capital IQ. Standard template. Financial Sources.