KARACHI – United Bank Limited (UBL) has posted Rs15.04 billion profit-after-tax during the first quarter of the ongoing fiscal year as against Rs6.59 billion during the same period last fiscal year.
During the period, earnings per share was recorded at Rs12.04.
The Board of Directors of the bank has announced Rs11 per share cash dividend in addition to the interim dividend already paid at Rs22 per share.
As per the media reports, good performance was primarily due to higher net interest income and provisioning reversals.
The net mark-up/return jumped from Rs28.92 billion during first quarter of ongoing fiscal year to Rs39.56 billion during the same period last fiscal year.
During the period, the fee and commission income amounted to Rs4.89 billion. During the same period last fiscal year, it was Rs4.29 billion.
The foreign exchange income decreased from Rs3.03 billion last fiscal year to Rs2.31 billion this year.
