United Bank Ltd. profit falls 16% to Rs. 5.8 billion

MG News | October 19, 2017 at 12:16 PM GMT+05:00

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United Bank Ltd. total net mark-up income for the period decreased by 2.17%, amounting to a total of 13.66 billion Rupees during the Quarter ended September, 30^th 2017
Company’s Profit before Taxation for the period decreased by 22.15%
The Profit after tax for the period also decreased by 16.47% reaching 5.8 billion compared to same year last year’s profit of 7.0 billion Rupees.
The company reported earnings per share of 4.78 Rupees
UBL declared an interim cash dividend for the quarter ended 30th September, 2017 at Rs. 3/- sharei.e. 30%, in addition to interim Dividend already paid at Rs. 6/- per share i.e. 60%

Comparison of Key Financials
Unconsolidated Profit and Loss Account - For the Quarter Ended, September 30^th 2017
Key Financials	2017	2016	% Change
	Amounts in PKR ‘000
Net mark-up/return/interest income after provisions	13,666,621	13,970,127	-2.17%
Total non-mark-up/interest income	3,768,925	4,462,686	-15.55%
Total non-mark-up/interest expenses	9,020,374	7,623,597	18.32%
Profit before Taxation	8,415,172	10,809,216	-22.15%
Taxation	2,559,807	3,799,271	-32.62%
Profit after Taxation	5,855,365	7,009,945	-16.47%
EPS - Basic & diluted	4.78	5.73	-16.58%

Company release on Earnings Report can be accessed here.

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