Ittefaq Iron Industries Limited announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was PKR 626.448 million compared to PKR 1,673.242 million a year ago. Net loss was PKR 146.782 million compared to net income of PKR 71.031 million a year ago. Basic loss per share was PKR 1.02 compared to basic earnings per share of PKR 0.49 a year ago. For the half year, sales was PKR 1,446.518 million compared to PKR 3,133.745 million a year ago. Net loss was PKR 153.017 million compared to net income of PKR 136.556 million a year ago. Basic loss per share was PKR 1.06 compared to basic earnings per share of PKR 0.95 a year ago.