United Bank Ltd profits fall 8.33% to Rs. 25.421 billion
MG News | February 19, 2018 at 03:42 PM GMT+05:00
United Bank Ltd. announced financial results for the year ending December 31st, 2017. The company reported net mark-up/return/interest earned after provisions worth Rs. 53.827 billion during the year against Rs. 98.219 billion same period last year; up 9.15% from last year.
United Bank Limited reported bottom-line profits worth Rs. 25.421 billion with an EPS of 20.77/share.
In addition to that, the company management during the board meeting held at Dubai on February 19th, 2018 also approved a final cash dividend of rupees 4 per share i.e. 40%. The dividend is in addition to the interim dividend already paid of Rupees 9 per share i.e. 90%.
| Unconsolidated Profit and Loss Account - For the Year Ended, December 31st 2017 | |||
|---|---|---|---|
| Key Financials | 2017 | 2016 | % Change |
| Amounts in PKR ‘000 | |||
| Net mark-up/return/interest earned | 107,205,820 | 98,219,214 | 9.15% |
| Net mark-up/return/interest earned after provisions | 53,827,086 | 55,563,662 | -3.13% |
| Fee, commission and brokerage income | 12,617,676 | 12,318,684 | 2.43% |
| Dividend Income | 2,360,881 | 3,266,559 | -27.73% |
| Income from Foreign Currencies | 1,878,141 | 1,701,016 | 10.41% |
| Capital gain on sale of securities - net | 4,398,560 | 5,364,463 | -18.01% |
| Other income | 904,592 | 960,104 | -5.78% |
| Total non-mark-up/interest income | 22,162,142 | 23,608,642 | -6.13% |
| Administrative Expenses | 35,349,864 | 31,903,598 | 10.80% |
| Other provisions - net | 389,069 | 260,848 | 49.16% |
| Other charges/reversals | 59,688 | 69,813 | -14.50% |
| Total non-mark-up/interest expenses | 35,829,187 | 33,156,708 | 8.06% |
| Profit before Taxation | 40,160,041 | 46,015,596 | -12.73% |
| Taxation | 14,738,809 | 18,285,484 | -19.40% |
| Profit after Taxation | 25,421,232 | 27,730,112 | -8.33% |
| EPS - Basic and diluted | 20.77 | 22.65 | -8.30% |
Company release on Earnings Report can be accessed here.
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 134,299.77 290.06M |
0.39% 517.42 |
| ALLSHR | 84,018.16 764.12M |
0.48% 402.35 |
| KSE30 | 40,814.29 132.59M |
0.33% 132.52 |
| KMI30 | 192,589.16 116.24M |
0.49% 948.28 |
| KMIALLSHR | 56,072.25 387.69M |
0.32% 180.74 |
| BKTi | 36,971.75 19.46M |
-0.05% -16.94 |
| OGTi | 28,240.28 6.19M |
0.21% 58.78 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,140.00 | 119,450.00 115,635.00 |
4270.00 3.75% |
| BRENT CRUDE | 70.63 | 70.71 68.55 |
1.99 2.90% |
| RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
1.10 1.14% |
| ROTTERDAM COAL MONTHLY | 108.75 | 108.75 108.75 |
0.40 0.37% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
| CRUDE OIL - WTI | 68.75 | 68.77 66.50 |
2.18 3.27% |
| SUGAR #11 WORLD | 16.56 | 16.60 16.20 |
0.30 1.85% |
Chart of the Day
Latest News
Top 5 things to watch in this week
MTB Auction
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|