Mughal Iron & Steel Industries Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 7,400.809 million compared to PKR 8,059.879 million a year ago. Net income was PKR 102.201 million compared to PKR 360.901 million a year ago. Basic earnings per share was PKR 0.41 compared to PKR 1.43 a year ago. For the half year, sales was PKR 14,078.665 million compared to PKR 14,076.277 million a year ago. Net income was PKR 366.486 million compared to PKR 712.999 million a year ago. Basic earnings per share was PKR 1.46 compared to PKR 2.83 a year ago.