Biafo Industries Limited reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was PKR 980.59 million compared to PKR 626.51 million a year ago. Net income was PKR 267.3 million compared to PKR 110.36 million a year ago.

Basic earnings per share from continuing operations was PKR 5.76 compared to PKR 2.38 a year ago.