Equity Modaraba First announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was PKR 16.871 million compared to PKR 8.627 million a year ago. Operating loss was PKR 2.793 million compared to PKR 9.441 million a year ago. Net loss was PKR 3.544 million compared to PKR 22.946 million a year ago. Basic loss per share was PKR 0.07 compared to PKR 0.44 a year ago. For the nine months, sales was PKR 137.269 million compared to PKR 83.757 million a year ago. Operating income was PKR 74.033 million compared to PKR 31.476 million a year ago. Net income was PKR 29.095 million compared to net loss of PKR 16.661 million a year ago. Basic earnings per share was PKR 0.55 compared to basic loss per share of PKR 0.32 a year ago.