Biafo Industries Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 427.771 million compared to PKR 329.305 million a year ago. Operating income was PKR 89.182 million compared to PKR 104.249 million a year ago. Net income was PKR 68.847 million compared to PKR 77.078 million a year ago. Basic earnings per share was PKR 2.17 compared to PKR 2.43 a year ago. For the half year, sales was PKR 892.092 million compared to PKR 714.852 million a year ago. Operating income was PKR 224.481 million compared to PKR 248.047 million a year ago. Net income was PKR 182.301 million compared to PKR 184.495 million a year ago. Basic earnings per share was PKR 5.75 compared to PKR 5.82 a year ago.