Biafo Industries Limited announced earnings results for the second quarter ended December 31, 2018. For the second quarter, the company announced sales was PKR 327.313 million compared to PKR 482.798 million a year ago. Operating income was PKR 104.249 million compared to PKR 227.070 million a year ago. Net income was PKR 77.078 million compared to PKR 173.579 million a year ago. Basic earnings per share was PKR 2.92 compared to PKR 6.57 a year ago. For the half year, sales was PKR 711.118 million compared to PKR 851.406 million a year ago. Operating income was PKR 248.047 million compared to PKR 370.684 million a year ago. Net income was PKR 184.495 million compared to PKR 280.604 million a year ago. Basic earnings per share was PKR 6.99 compared to PKR 10.63 a year ago.