The profit after tax (unconsolidated) of United Bank Limited (UBL) stood at Rs 6.270 billion in the half year ended on June 30, 2018 as compared to Rs 13.244 billion earned in the corresponding period in 2017. The bank's earning per share stood at Rs 5.12 in the period under review against Rs 10.82 in the same period a year back.
The board of directors of the bank in its meeting held here on Thursday recommended an interim cash dividend for the quarter ended June 30, 2018 at Rs 3/- per share i.e. 30 percent. This is in addition to interim dividend already paid at Rs 3/- per share i.e. 30 percent.
According to the financial results sent to Pakistan Stock Exchange, the bank's mark-up/return/interest earning increased to Rs 54.164 billion in the six month period in 2018 as compared to Rs 49.683 billion in the same period in 2017 while mark-up/return/interest expenses increased to Rs 26.109 billion against Rs 21.668 billion.
The bank's total non-mark-up/interest income increased to Rs 14.285 billion in the half year period in 2018 against Rs 12.345 billion in the same period in 2017 while total non-mark-up/interest expenses increased to Rs 19.141 billion against Rs 17.846 billion in the same period in 2017.
The bank's profit before taxation stood at Rs 10.602 billion in the first half of 2018 as compared to Rs 22.972 billion earned in the same period in 2017.
On quarterly basis, the bank's profit after tax stood at Rs 3.625 billion translating in to earning per share of Rs 2.96 in the quarter ended June 30, 2018 as compared to PAT of Rs 5.988 billion with EPS of Rs 4.89 in the same period in 2017.