PakStox Outlook

Avenceon (PSXZ:AVN): For the year ending December 2024, AVN posted a net income of Rs 539 million (EPS: Rs 1.3), a significant decline from the previous year's net income of Rs 1,625 million. No cash dividend has been declared in the past 12 months. Similar to last year, nearly all of AVN’s income came from 'other income'. Without the Rs 584 million from this category, AVN would have reported a loss in the fourth quarter as well as for the full year.

Lalpir Power (PSX:LPL) terminated its agreement with the Pakistan government in October 2024 and plans to enter the electricity market (CTBCM) to sell power as a merchant plant. With Rs. 9,774 million in surplus funds, it aims to explore new business opportunities, subject to board and shareholder approval.

TLP Properties site being developed near Korangi Creek, encountered a pocket of underground gas that as per initial investigations will dissipate if allowed to burn.