Corporate Alert: United Bank (UBL) reports 6-months EPS of 10.82, announces Cash Dividend of 3/- per share for the Period Ended June, 2017

For the Half Year – Jan/June

Key Financials

Jan – June, 2017

Jan – June 30, 2016

% Change

Mark-up/Return/Interest Earned

49,683,101

49,524,794

0.32%

Mark-up/Return/Interest Expensed

21,668,388

20,194,452

7.30%

Net Mark-up/Return/Interest income

28,014,713

29,330,342

-4.49%

Reversal/(provision) against Loans and Advances - net

663,403

728,328

-8.91%

Reversal/(provision) against lending to Financial Institutions - net

8,260

-

Provision for diminution in value of Investments - Net

188,888

657,585

-71.28%

Bad Debts written off directly

24,888

45,370

-45.14%

Net mark-up/Return/Interest Income after Provisions

28,472,600

27,899,059

2.06%

Non mark-up/Interest Income

Fee, Commission and brokerage Income

5,907,757

6,386,076

-7.49%

Dividend Income

1,291,554

1,515,826

-14.80%

Income from dealing in Foreign Currencies

822,422

977,248

-15.84%

Gain on sale of securities -net

3,833,565

4,513,514

-15.06%

Unrealized gain on revaluation of investments classifies as held for Trading

2,483

4,745

-47.67%

Other Income

488,043

557,270

-12.42%

Total non mark-up/Interest Income

12,345,824

13,954,679

-11.53%

Non mark-up/Interest Expenses

Administrative Expenses

17,316,904

16,294,642

6.27%

Other (provisions)/Reversals - net

2,508

251,393

-99.00%

Workers' Welfare Fund

473,371

506,251

-6.49%

Other charges

58,640

30,250

93.85%

Total non mark-up/Interest Expense

17,846,407

17,082,536

4.47%

Taxation - Current

8,301,375

8,799,580

-5.66%

Prior

459,532

1,813,578

-74.66%

Deferred

966,975

136,528

608.26%

Total - Taxation

9,727,882

10,476,630

-7.15%

Profit after Taxation

13,244,135

14,294,572

-7.35%

Earnings per share - basic and diluted

10.82

11.68

-7.36%