Jubilee Spinning & Weaving Mills Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 2.302 million compared to PKR 4.910 million a year ago. Operating income was PKR 4.650 million compared to PKR 5.335 million a year ago. Net loss was PKR 7.539 million compared to net income of PKR 2.925 million a year ago. Basic loss per share was PKR 0.23 compared to basic earnings per share of PKR 0.09 a year ago. For the half year, sales was PKR 5.352 million compared to PKR 12.708 million a year ago. Operating income was PKR 7.106 million compared to PKR 12.925 million a year ago. Net loss was PKR 5.554 million compared to net income of PKR 8.440 million a year ago. Basic loss per share was PKR 0.17 compared to basic earnings per share of PKR 0.26 a year ago.