UBL's PAT falls to Rs 13.244 billions

The profit after taxation of United Bank Limited (UBL) decreased to Rs 13.244 billion in the half year period ended June 30, 2017 as compared to Rs 14.294 billion earned in the corresponding period in 2016. The bank's earning per share stood at Rs 10.82 in the period under review against Rs 11.68 in the same period last year. The board of directors of the company in its meeting held on Thursday recommended an interim cash dividend for the quarter ended June 30, 2017 at Rs 3.00 per share ie 30 percent. This is in addition to interim dividend already paid at Rs 3.00 ie 30 percent. The bank's profit before taxation stood at Rs 22.972 billion in half year of 2017 against Rs 24.771 billion in the same period in 2016.