Pioneer Cement Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced operating income was PKR 51.035 million compared to PKR 489.961 million a year ago. Net income was PKR 73.741 million compared to PKR 268.993 million a year ago. Basic earnings per share was PKR 0.32 compared to PKR 1.18 a year ago. For the half year, operating loss was PKR 13.075 million compared to operating Income of PKR 906.235 million a year ago. Net loss was PKR 111.668 million compared to net income of PKR 526.961 million a year ago. Basic loss per share was PKR 0.49 compared to basic earnings per share of PKR 2.32 a year ago.