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.

The Board of Directors of the Avanceon Limited (PSX:AVN) has approved the disposal of Avanceon LP, a Pennsylvania USA limited Partnership,  In consideration of; 1. One Million Five Hundred Thousand Dollars ($1,500,000) and, 2. The transfer of rights of trademark and/or service mark/brand "AVANCEON" to Octopus Digital Inc. Pennsylvania USA (formerly Engro Innovative, Inc.) the SPV, ultimately to its parent company "Avanceon FZE Dubai UAE", in the territories forming part of the world other than United States, Canada or Mexico (“North America”). https://dps.psx.com.pk/download/document/205699.pdf