Safko Spinning Mills Limited announced earnings results for the first quarter ended September 30, 2019. For the first quarter, the company announced sales was BDT 135.146 million compared to BDT 173.050 million a year ago. Operating income was BDT 15.256 million compared to BDT 28.467 million a year ago. Net loss was BDT 48.683 million compared to net income of BDT 2.762 million a year ago. Basic loss per share was BDT 1.62 compared to basic earnings per share of BDT 0.09 a year ago.