Biafo Industries Limited announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was PKR 388.505 million compared to PKR 397.411 million a year ago. Operating income was PKR 74.378 million compared to PKR 135.220 million a year ago. Net income was PKR 54.925 million compared to PKR 99.333 million a year ago. Basic earnings per share was PKR 1.73 compared to PKR 3.14 a year ago. For the nine months, sales was PKR 1,280.597 million compared to PKR 1,112.263 million a year ago. Operating income was PKR 298.860 million compared to PKR 383.268 million a year ago. Net income was PKR 237.226 million compared to PKR 283.828 million a year ago. Basic earnings per share was PKR 7.49 compared to PKR 8.96 a year ago.