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

MG News | July 27, 2017 at 12:38 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

United Bank announced its Financial Results for the half year ended June 30, 2017.

The company's Net mark-up/Return/Interest Income after Provisions increased by 2.06percent in the outgoing year, whereas Profit after Taxation for the period declined by 7.35percent.

The Company issued a Cash Dividend of Rs. 3/- per share i.e. 30%. The board approved no Bonus Shares, Right Shares or any other entitlement.

Comparison of Key Financials

	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%

Rupees in ‘000

The complete statements can be accessed here.

Related News

UBL profit surges 59%, dividend intact at Rs8

UBL becomes Pakistan’s largest listed company at PSX

Moody’s upgrades ratings of five major Pakistani Banks on improved outlook

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,080.00	60,230.00 59,790.00	85.00 0.14%
BRENT CRUDE	73.08	75.13 71.38	-2.18 -2.90%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	1.65 1.46%
ROTTERDAM COAL MONTHLY	126.25	0.00 0.00	0.15 0.12%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	70.24	71.86 68.56	-1.68 -2.34%
SUGAR #11 WORLD	14.55	14.68 14.02	0.45 3.19%