The after tax profit of United Bank has increased to Rs 14.057 billion in the nine month period ended September 30, 2012 as compared to Rs 10.952 billion earned in the corresponding period in 2011. The bank's earning per share has increased to Rs 11.48 in the period under review against Rs 8.95 in the same period last year.
The board of directors of the bank in its meeting held on Wednesday at Abu Dhabi, UAE declared third interim dividend for the year ending December 31, 2012 at Rs 2 per share ie 20 percent. According to the financial results sent to the Karachi Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 55.489 billion in the nine month period this year against Rs 52.532 billion in the same period last year while mark-up/return/interest expenses increased to Rs 25.330 billion against Rs 22.898 billion.
The bank's total non-mark-up/interest income increased to Rs 13.168 billion against Rs 8.936 billion while total non-mark-up/interest expenses increased to Rs 18.055 billion against Rs 15.307 billion. The bank's profit before taxation increased to Rs 21.046 billion in the nine month period this year against Rs 16.751 billion in the same period last year.
On a quarterly basis, the bank's profit after taxation increased to Rs 4.740 billion translating into per share earning of Rs 3.87 in the quarter ended September 30, 2012 as compared to after tax profit of Rs 4.247 billion with per share earning of Rs 3.47 in the same period last year.