Shahzad Textile Mills Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 1,340.148 million compared to PKR 1,641.299 million a year ago. Operating income was PKR 79.408 million compared to PKR 30.129 million a year ago. Net income was PKR 26.710 million compared to PKR 13.333 million a year ago. Basic earnings per share was PKR 1.49 compared to PKR 0.74 a year ago. For the half year, sales was PKR 2,578.374 million compared to PKR 3,326.189 million a year ago. Operating income was PKR 101.481 million compared to PKR 152.676 million a year ago. Net income was PKR 16.035 million compared to PKR 85.557 million a year ago. Basic earnings per share was PKR 0.89 compared to PKR 4.76 a year ago.