Biafo Industries Limited announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was PKR 375.025 million compared to PKR 427.771 million a year ago. Operating income was PKR 102.779 million compared to PKR 96.924 million a year ago. Net income was PKR 52.183 million compared to PKR 68.847 million a year ago. Basic earnings per share from continuing operations was PKR 1.36 compared to PKR 1.8 a year ago. For the half year, sales was PKR 734.044 million compared to PKR 892.092 million a year ago. Operating income was PKR 203.390 million compared to PKR 247.479 million a year ago. Net income was PKR 133.416 million compared to PKR 182.301 million a year ago. Basic earnings per share from continuing operations was PKR 3.48 compared to PKR 4.76 a year ago.