Biafo Industries Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 529.32 million compared to PKR 398.71 million a year ago. Net income was PKR 102.73 million compared to PKR 55.76 million a year ago. Basic earnings per share from continuing operations was PKR 2.21 compared to PKR 1.2 a year ago.
For the six months, sales was PKR 1,155.82 million compared to PKR 854.18 million a year ago. Net income was PKR 213.09 million compared to PKR 151.8 million a year ago. Basic earnings per share from continuing operations was PKR 4.59 compared to PKR 3.27 a year ago.