Avanceon Limited Announces Dividend Amid Positive Earnings

Karachi, Avanceon Limited (Symbol: AVN), a key player in the technology and communication sector, announced a 15% bonus (15%B) distribution for its shareholders for the year ending December 2023. The company’s share price oscillated between Rs. 61.2 and Rs. 49.75, with a final rate of Rs. 54.50 on a trading volume of 23,593,553 shares. The daily weighted average rate was recorded at Rs. 3,772.93. Avanceon’s performance was highlighted by an EPS of Rs. 5.33* for January 2024, demonstrating strong financial health. The previous book closure was on May 22, 2014, reflecting its consistent market presence since its listing.