forex ubl

KARACHI: The profit after tax of United Bank Limited (UBL) stood at Rs 2.764 billion in the first quarter ended on March 31, 2009 as compared to Rs 3.158 billion earned in the corresponding period last year. The board of directors of the bank in its meeting held on Monday declared that the bank's earning per share was recorded at Rs 2.72 in the period under review against Rs 3.09 in the same period in 2008.

According to the financial results, the bank's mark-up/return/interest rate earning increased to Rs 16.459 billion in the first quarter against Rs 11.373 billion in the corresponding period last year. The mark-up/return/interest expenses increased to Rs 8.282 billion against Rs 4.813 billion in the same period in 2008.

Total non-mark-up/interest income of the bank stood at Rs 2.330 billion against Rs 3.240 billion while the total non-mark-up/interest expenses increased to Rs 4.279 billion against Rs 4.001 billion in the corresponding period last year. The bank's profit before tax was recorded at Rs 4.183 billion in the three-month period in 2009 against Rs 4.727 billion in the same period in 2008.

Source: Business Recorder