Ellcot Spinning Mills Limited announced earnings results for the first quarter ended September 30, 2020. For the first quarter, the company announced sales was PKR 1,553.324 million compared to PKR 1,440.614 million a year ago. Operating income was PKR 81.350 million compared to PKR 145.201 million a year ago. Net income was PKR 32.542 million compared to PKR 91.444 million a year ago. Basic earnings per share from continuing operations was PKR 2.97 compared to PKR 8.35 a year ago.