Sign In
Last checked at 
31 Oct 2012 11:08
ο»Ώ
Secretary's Department
Β
UBL/BOD/KSE/Results
31 October 2012
Β
FORM- 7
Β
Fax No. 111-573-329
The Managing Director
The Karachi Stock Exchange (Guarantee) Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Β
Dear Sir,
Β
FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30-09-2012
Β
We have to inform you that the Board of Directors of United Bank Limited ("UBL") in their 180th meeting held on 31 October 2012 at 11:00 a.m. (UAE Time) at Abu Dhabi, UAE declared the following:
Β
(i) CASH DIVIDEND
Β
Third Interim Cash Dividend for the year ending December 31, 2012 at Rs.2.00 per share i.e. 20%.
Β
(ii) BONUS SHARES
Β
------NIL------
Β
(iii) RIGHT SHARES
Β
------NIL---------
Β
(iv) ANY OTHER ENTITLEMENT / CORPORATE ACTION
Β
------NIL-------
Β
(v) ANY OTHER PRICE-SENSITIVE INFORMATION
Β
----NIL-------
Β
The Share Transfer Books of the Company will be closed from 22-11-2012 to 30-11-2012 (both days inclusive). Transfers received at the office of the Company's Share Registrar, M/s. THK Associates (Pvt.) Ltd. Ground Floor, State Life Building No.3, Dr. Ziauddin Ahmed Road, Karachi at the close of business on 21-11-2012 will be treated in time for the purpose of above entitlement to the transferees.
1/2
Β
Β
The financial results of the Company are appended at Annexure "A" for Standalone & Annexure "B" Consolidated Accounts of the said period.
Β
We will be sending you 300 copies of printed Accounts for distribution amongst the members of the exchange.
Β
Β
Yours faithfully,
Β
Β
Aqeel Ahmed Nasir
Company Secretary &
Chief Legal Counsel
Β
Β
Β
Β
Β
Β
C.C. to : 1) Citibank, N.A. Karachi Branch, Custodian of UBL, GDRs
2) London Stock Exchange
3) State Bank of Pakistan
Β
Β
Β
Β
Β
Β
Β
Β
Β
2/2
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
Β
UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) | |||||||||||||
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 | Annexure A | ||||||||||||
Jul-Sep 2012 | Jul-Sep 2011 | Jan-Sep 2012 | Jan-Sep 2011 | ||||||||||
Β ------------------------------(Rupees in '000)---------------------------- | |||||||||||||
Mark-up / return / interest earned | Β 19,214,270 | Β 18,454,930 | Β 55,469,908 | Β 52,532,426 | |||||||||
Mark-up / return / interest expensed | Β (9,285,848) | Β (8,152,142) | Β (26,330,891) | Β (22,898,926) | |||||||||
Net mark-up / interest income | 9,928,422 Β |
| Β 10,302,788 | Β 29,139,017 | Β 29,633,500 | ||||||||
Provision against loans and advances - net | Β (1,735,043) | Β (1,419,145) | Β (2,694,647) | Β (5,831,076) | |||||||||
Provision against lendings to financial institutions - net | Β (15) | Β - | Β (171,039) | Β (91,354) | |||||||||
Provision for diminution in value of investments - net | Β (98,966) | Β (46,468) | Β (78,068) | Β (251,983) | |||||||||
Bad debts written off directly | Β (69,316) | Β (103,324) | Β (262,351) | Β (336,440) | |||||||||
Β (1,903,340) | Β (1,568,937) | Β (3,206,105) | Β (6,510,853) | ||||||||||
Net mark-up / interest income after provisions | Β 8,025,082 | Β 8,733,851 | Β 25,932,912 | Β 23,122,647 | |||||||||
Non mark-up / interest income | |||||||||||||
Β Fee, commission and brokerage income | Β 1,949,215 | Β 1,711,515 | Β 5,913,844 | Β 4,991,508 | |||||||||
Β Dividend income | Β 77,912 | Β 107,757 | Β 1,520,686 | Β 429,750 | |||||||||
Β Income from dealing in foreign currencies | Β 486,210 | Β 441,235 | Β 1,533,292 | Β 1,516,804 | |||||||||
Β Gain on sale of securities - net | Β 128,800 | Β 49,209 | Β 591,086 | Β 245,115 | |||||||||
Β Unrealized gain on revaluation of investments | |||||||||||||
classified as held for trading | Β 11,167 | Β 106,216 | Β 3,436 | Β 54,847 | |||||||||
Β Other income | Β 2,833,111 | Β 622,395 | Β 3,606,655 | Β 1,698,893 | |||||||||
Total non mark-up / interest income | Β 5,486,415 | Β 3,038,327 | Β 13,168,999 | Β 8,936,917 | |||||||||
Β 13,511,497 | Β 11,772,178 | Β 39,101,911 | Β 32,059,564 | ||||||||||
Non mark-up / interest expenses | |||||||||||||
Β Administrative expenses | Β (6,057,784) | Β (5,016,266) | Β (17,343,400) | Β (14,758,344) | |||||||||
Β Other provisions - net | Β (44,754) | Β (14,724) | Β (212,702) | Β (1,020) | |||||||||
Β Workers' Welfare Fund | Β (145,537) | Β (151,111) | Β (421,954) | Β (369,820) | |||||||||
Β Other charges | Β (25,231) | Β (67,661) | Β (77,622) | Β (178,622) | |||||||||
Total non mark-up / interest expenses | Β (6,273,306) | Β (5,249,762) | Β (18,055,678) | Β (15,307,806) | |||||||||
Profit before taxation | Β 7,238,191 | Β 6,522,416 | Β 21,046,233 | Β 16,751,758 | |||||||||
Taxation | |||||||||||||
- Current | Β (2,584,035) | Β (2,670,332) | Β (7,153,001) | Β (6,485,379) | |||||||||
- Prior | Β (491,853) | Β (370,165) | Β (491,853) | Β (362,636) | |||||||||
- Deferred | Β 577,839 | Β 765,990 | Β 656,582 | Β 1,048,707 | |||||||||
Β (2,498,049) | Β (2,274,507) | Β (6,988,272) | Β (5,799,308) | ||||||||||
Profit after taxation | Β 4,740,142 | Β 4,247,909 | Β 14,057,961 | Β 10,952,450 | |||||||||
------------------------------( Rupees )---------------------------- | |||||||||||||
Earnings per share - basic and diluted | Β 3.87 | Β 3.47 | Β 11.48 | Β 8.95 | |||||||||
Β
Β
Β
Β
Β
Β
CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 Annexure B
Β Jul-Sep 2012 | Β Jul-Sep 2011 | Β Jan-Sep 2012 | Β Jan-Sep 2011 | |||||
Β ----------------------- (Rupees in '000) ----------------------- | ||||||||
Β Mark-up / return / interest earned | 19,732,001 | 18,690,009 | 56,685,115 | 53,197,019 | ||||
Β Mark-up / return / interest expensed | Β (9,511,776) | Β (8,223,404) | (26,805,081) | (23,072,829) | ||||
Β Net mark-up / interest income | 10,220,225 | 10,466,605 | 29,880,034 | 30,124,190 | ||||
Β Provision against loans and advances - net | Β (1,735,043) | Β (1,419,145) | Β (2,694,647) | Β (5,831,076) | ||||
Β Provision against lendings to financial institutions - net | Β (15) | - | Β (171,039) | Β (91,354) | ||||
Β Provision for diminution in value of investments - net | Β (98,966) | Β (46,468) | Β (78,068) | Β (254,013) | ||||
Β Bad debts written off directly | Β (69,333) | Β (103,324) | Β (263,793) | Β (336,440) | ||||
Β (1,903,357) | Β (1,568,937) | Β (3,207,547) | Β (6,512,883) | |||||
Β Net mark-up / interest income after provisions | 8,316,868 | 8,897,668 | 26,672,487 | 23,611,307 | ||||
Β Non mark-up / interest income | ||||||||
Β Fee, commission and brokerage income | 2,255,443 | 1,930,218 | 6,827,658 | 5,587,706 | ||||
Β Dividend income | 77,704 | 34,198 | 374,336 | 131,186 | ||||
Β Income from dealing in foreign currencies | 502,424 | 459,252 | 1,577,926 | 1,567,887 | ||||
Β Gain on sale of securities - net | 217,773 | 49,889 | 718,791 | 255,965 | ||||
Β Unrealized gain on revaluation of investments | ||||||||
Β classified as held for trading | 11,795 | 108,475 | 891 | 62,356 | ||||
Β Other income | 2,841,914 | 641,626 | 3,671,447 | 1,748,649 | ||||
Β Total non mark-up / interest income | 5,907,053 | 3,223,658 | 13,171,049 | 9,353,749 | ||||
14,223,921 | 12,121,326 | 39,843,536 | 32,965,056 | |||||
Β Non mark-up / interest expenses | ||||||||
Β Administrative expenses | Β (6,503,401) | Β (5,396,149) | Β (18,745,216) | Β (15,908,196) | ||||
Β Other provisions - net | Β (44,900) | Β (14,724) | Β (212,848) | Β (1,020) | ||||
Β Workers' welfare fund | Β (146,976) | Β (151,367) | Β (425,398) | Β (370,971) | ||||
Β Other charges | Β (25,231) | Β (67,661) | Β (77,622) | Β (178,622) | ||||
Β Total non mark-up / interest expenses | Β (6,720,508) | Β (5,629,901) | Β (19,461,084) | Β (16,458,809) | ||||
7,503,413 | 6,491,425 | 20,382,452 | 16,506,247 | |||||
Β Share of income / (loss) of associates | 652,304 | Β (26,109) | 1,712,614 | Β (100,669) | ||||
Β Profit before taxation | 8,155,717 | 6,465,316 | 22,095,066 | 16,405,578 | ||||
Β Taxation | ||||||||
- Current | Β (2,624,991) | Β (2,672,451) | Β (7,232,782) | Β (6,492,146) | ||||
- Prior | Β (491,853) | Β (370,165) | Β (491,853) | Β (362,636) | ||||
- Deferred | 576,600 | 766,301 | 653,504 | 1,047,953 | ||||
Β (2,540,244) | Β (2,276,315) | Β (7,071,131) | Β (5,806,829) | |||||
Β Profit after taxation | 5,615,473 | 4,189,001 | 15,023,935 | 10,598,749 | ||||
Β Attributable to: | ||||||||
Β Equity shareholders of the Bank | 5,553,753 | 4,176,252 | 14,938,916 | 10,596,978 | ||||
Β Non-controlling interest | 61,720 | 12,749 | 85,019 | 1,771 | ||||
5,615,473 | 4,189,001 | 15,023,935 | 10,598,749 | |||||
------------------------------------ (Rupees) ------------------------------------ | ||||||||
Β Earnings per share - basic and diluted | 4.54 | 3.41 | 12.20 | 8.66 | ||||
Β
Follow the stocks
