Biafo Industries Limited reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was PKR 723.14 million compared to PKR 514.89 million a year ago. Net income was PKR 215.66 million compared to PKR 105.22 million a year ago. Basic earnings per share from continuing operations was PKR 4.65 compared to PKR 2.27 a year ago.
For the nine months, sales was PKR 1,878.96 million compared to PKR 1,369.07 million a year ago. Net income was PKR 428.75 million compared to PKR 257.02 million a year ago. Basic earnings per share from continuing operations was PKR 9.24 compared to PKR 5.54 a year ago.