Biafo Industries Limited announced earnings results for the first quarter ended September 30, 2020. For the first quarter, the company announced sales was PKR 359.019 million compared to PKR 464.320 million a year ago. Operating income was PKR 100.610 million compared to PKR 150.555 million a year ago. Net income was PKR 81.232 million compared to PKR 113.453 million a year ago. Basic earnings per share from continuing operations was PKR 2.33 compared to PKR 3.26 a year ago.