Biafo Industries Limited reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was PKR 395.29 million compared to PKR 529.32 million a year ago. Net income was PKR 41.5 million compared to PKR 102.73 million a year ago. Basic earnings per share from continuing operations was PKR 0.89 compared to PKR 2.21 a year ago.
For the six months, sales was PKR 1,375.88 million compared to PKR 1,155.82 million a year ago. Net income was PKR 308.79 million compared to PKR 213.09 million a year ago. Basic earnings per share from continuing operations was PKR 6.66 compared to PKR 4.59 a year ago.