Biafo Industries Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was PKR 726.71 million compared to PKR 723.14 million a year ago. Net income was PKR 94.84 million compared to PKR 215.66 million a year ago. Basic earnings per share from continuing operations was PKR 2.04 compared to PKR 4.65 a year ago.
For the nine months, sales was PKR 2,102.59 million compared to PKR 1,878.96 million a year ago. Net income was PKR 403.63 million compared to PKR 428.75 million a year ago. Basic earnings per share from continuing operations was PKR 8.7 compared to PKR 9.24 a year ago.