Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUtd.bk (Regs) Regulatory News (UBLS)

Share Price Information for Utd.bk (Regs) (UBLS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.40
Bid: 3.50
Ask: 0.00
Change: 0.00 (0.00%)
Spread: -3.50 (-100.00%)
Open: 6.40
High: 0.00
Low: 0.00
Yest. Close: 6.40
UBLS Live PriceLast checked at -
  • This share is an international stock.

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

1st Quarter Results

Fri, 24th Apr 2015 12:54

RNS Number : 2767L
United Bank Limited
24 April 2015

?

Secretary's Department

UBL/BOD-197/SEs/Results

April 24, 2015

FORM- 7

1. The General Manager

Companies Affairs,

Karachi Stock Exchange Ltd.

Karachi Stock Exchange Bldg.,

Stock Exchange Road,

Karachi.

Fax No. (021) 111-573-329

2. The General Manager

Companies Affairs,

Lahore Stock Exchange Ltd.

19, Khayaban-e-Aiwan-e-Iqbal,

Lahore.

Fax No. (042) 36368485

3. The General Manager

Companies Affairs,

Islamabad Stock Exchange Ltd.

55-B, Jinnah Avenue, Blue Area,

Islamabad.

Fax No. (051) 111-473-329

Dear Sirs,

Financial Results for 1 Quarter Ended March 31, 2015

We have to inform you that the Board of Directors of United Bank Limited ("UBL") in their 197 meeting held on Friday, April 24, 2015 at 10:00 a.m. at Islamabad declared the following:

(i) Cash Dividend

1 Interim Cash Dividend for the year 2015 at Rs.3.00 per share i.e. 30%.

(ii) Bonus Shares

--- NIL ---

(iii) Right Shares

--- NIL ---

(iv) Any Other Entitlement / Corporate Action

--- NIL ---

(v) Any Other Price-Sensitive Information

--- NIL ---

The financial results of the Company are attached at Annexure "A" for Un-consolidated Accounts and Annexure "B" for Consolidated Accounts of the said period.

The above entitlement will be paid to the shareholders whose names will appear in the register of Members on Thursday, May 14, 2015

Page 1 of 2

The Share Transfer Books of the Company will be closed from May 15, 2015 to May 22, 2015 (both days inclusive). Transfers received at the office of the Company's Share Registrar, M/s. THK Associates (Pvt.) Limited, 2 Floor, State Life Building No.3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on Thursday, May 14, 2015 will be treated in time for the purpose of above entitlement to the transferees.

We will be sending you respective copies of printed Accounts for distribution amongst the members of the exchange.

Yours faithfully,

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C. to:

1) Citibank N.A., Karachi Branch, Custodian of UBL GDRs;

2) London Stock Exchange;

3) The Commissioner, Enforcement & Monitoring Division, Securities and Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad;

Page 2 of 2

Annexure 'A'

UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2015

Note

March 31, 2015

March 31, 2014

-------(Rupees in '000) -------

Mark-up / return / interest earned

14

22,911,652

19,394,031

Mark-up / return / interest expensed

15

(9,801,361)

(9,580,200)

Net mark-up / return / interest income

13,110,291

9,813,831

Provision against loans and advances - net

(706,514)

(146,947)

Reversal of provision against lendings to financial institutions - net

-

338

(Provision) / reversal of provision for diminution in value of investments - net

(27,549)

5,578

Bad debts written off directly

(36,052)

(43,730)

(770,115)

(184,761)

Net mark-up / return / interest income after provisions

12,340,176

9,629,070

Non mark-up / interest income

Fee, commission and brokerage income

2,818,827

2,703,171

Dividend income

494,129

674,592

Income from dealing in foreign currencies

704,700

654,435

Gain on sale of securities - net

1,932,747

783,002

Unrealized loss on revaluation of investments classified as held for trading

(81,460)

(46,728)

Other income

357,508

305,315

Total non mark-up / interest income

6,226,451

5,073,787

18,566,627

14,702,857

Non mark-up / interest expenses

Administrative expenses

16

(7,324,672)

(6,720,293)

Other provisions - net

(31,617)

(13,522)

Workers' Welfare Fund

(228,552)

(156,876)

Other charges

(63,697)

(151)

Total non mark-up / interest expenses

(7,648,538)

(6,890,842)

Profit before taxation

10,918,089

7,812,015

Taxation - Current

(3,912,025)

(2,670,060)

Taxation - Deferred

120,725

67,520

(3,791,300)

(2,602,540)

Profit after taxation

7,126,789

5,209,475

------------ (Rupees) ------------

Earnings per share - basic and diluted

5.82

4.26

Annexure 'B'

CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2015

Note

March 31, 2015

March 31, 2014

--------- (Rupees in '000) ---------

Mark-up / return / interest earned

14

23,644,549

20,114,281

Mark-up / return / interest expensed

15

(10,063,996)

(9,856,766)

Net mark-up / return / interest income

13,580,553

10,257,515

Provision against loans and advances - net

(745,588)

(268,035)

Reversal of provision against lendings to financial institutions - net

-

338

(Provision) / reversal for diminution in value of investments - net

(23,022)

5,578

Bad debts written off directly

(36,052)

(43,730)

(804,662)

(305,849)

Net mark-up / return / interest income after provisions

12,775,891

9,951,666

Non mark-up / interest income

Fee, commission and brokerage income

3,309,831

3,112,052

Dividend income

494,129

655,396

Income from dealing in foreign currencies

774,547

669,565

Gain on sale of securities - net

1,997,000

762,547

Unrealized loss on revaluation of investments classified as held for trading

(78,295)

(45,862)

Other income

370,254

329,343

Total non mark-up / interest income

6,867,466

5,483,041

19,643,357

15,434,707

Non mark-up / interest expenses

Administrative expenses

16

(8,030,219)

(7,377,123)

Other provisions - net

(25,777)

(15,863)

Workers' Welfare Fund

(229,948)

(157,936)

Other charges

(63,697)

(151)

Total non mark-up / interest expenses

(8,349,641)

(7,551,073)

11,293,716

7,883,634

Share of income of associates

235,366

269,692

Profit before taxation

11,529,082

8,153,326

Taxation - Current

(3,944,083)

(2,694,911)

- Prior

(949)

-

- Deferred

120,725

65,789

(3,824,307)

(2,629,122)

Profit after taxation

7,704,775

5,524,204

Attributable to:

Equity shareholders of the Bank

7,555,701

5,512,963

Non-controlling interest

149,074

11,241

7,704,775

5,524,204

-------------- (Rupees) --------------

Earnings per share - basic and diluted

6.17

4.50

This information is provided by RNS
The company news service from the London Stock Exchange
END
QRFPGUCWCUPAGGC
Date   Source Headline
19th Feb 20208:11 amRNSFinal Results
7th Feb 20209:49 amRNS225th Board Meeting of UBL
10th Dec 201911:14 amRNSBOARD MEETING OTHER THAN FINANCIAL RESULTS
16th Oct 201911:25 amRNS3rd Quarter Results
4th Oct 201912:19 pmRNSNotice of Board Meeting and Closed Period

Login to your account

Don't have an account? Click here to register.