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

  • 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, 30th 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 30th 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.

Posted on: 2017-10-19T12:16:00+05:00