Shahzad Textile Mills Limited announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was PKR 1,153.103 million compared to PKR 1,350.894 million a year ago. Operating income was PKR 66.862 million compared to PKR 55.607 million a year ago. Net income was PKR 31.041 million compared to PKR 1.529 million a year ago. Basic earnings per share was PKR 1.73 compared to PKR 0.09 a year ago. For the nine months, sales was PKR 3,731.477 million compared to PKR 4,677.083 million a year ago. Operating income was PKR 168.343 million compared to PKR 208.283 million a year ago. Net income was PKR 47.076 million compared to PKR 87.086 million a year ago. Basic earnings per share was PKR 2.62 compared to PKR 4.85 a year ago.