Pakistan Technology: AVN & OCTOPUS: Management remains hopeful – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Avanceon Limited (AVN) is one of the leading Pakistan based technology businesses with a global footprint in the automation and system integration market. The company held its Corporate Briefing yesterday, we present key takeaways from the session.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Management reiterated its plan of crossing order generation of US$100mn mark by CY25 for the group, where 80% of revenues are targeted from MENA region. The company&rsquo;s revenue target for CY23 is set at US$70mn.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Octopus Digital (OCTOPUS, 80% held subsidiary), posted a 17% YoY growth in earnings during CY22. ...