Equity Modaraba First announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 53.216 million compared to PKR 3.554 million a year ago. Operating income was PKR 29.419 million compared to operating loss of PKR 12.133 million a year ago. Net income was PKR 13.306 million compared to net loss of PKR 14.072 million a year ago. Basic earnings per share was PKR 0.25 compared to basic loss per share of PKR 0.27 a year ago. For the half year, sales was PKR 120.398 million compared to PKR 75.130 million a year ago. Operating income was PKR 76.827 million compared to PKR 40.918 million a year ago. Net income was PKR 32.640 million compared to PKR 6.285 million a year ago. Basic earnings per share was PKR 0.62 compared to PKR 0.12 a year ago.