Utd.bk (regs) Regulatory News (UBLS)

1. The General Manager

Companies Affairs,

Karachi Stock Exchange Ltd.

Karachi Stock Exchange Bldg.,

Stock Exchange Road,

Karachi.

2. The General Manager

Companies Affairs,

Lahore Stock Exchange Ltd.

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

Lahore.

3. The General Manager

Companies Affairs,

Islamabad Stock Exchange Ltd.

55-B, Jinnah Avenue, Blue Area,

Islamabad.

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

"A"

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 

July - September 2015

July -September 2014

January - September 2015

January - September 2014

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

Mark-up / return / interest earned

23,719,599

20,100,260

70,137,026

60,394,918

Mark-up / return / interest expensed

(9,865,611)

(9,123,230)

(28,996,421)

(28,256,287)

Net mark-up / return / interest income

13,853,988

10,977,030

41,140,605

32,138,631

(Provision) / reversal against loans and advances - net

(617,838)

489,475

(2,547,555)

(179,794)

Provision against lendings to financial institutions - net

-

(155,598)

-

(165,303)

Provision for diminution in value of investments - net

(32,167)

(73,340)

(38,387)

(314,617)

Bad debts written off directly

(25,978)

(113,146)

(94,040)

(189,546)

(675,983)

147,391

(2,679,982)

(849,260)

Net mark-up / return / interest income after provisions

13,178,005

11,124,421

38,460,623

31,289,371

Non mark-up / interest income

Fee, commission and brokerage income

2,874,685

2,942,392

9,170,080

8,611,329

Dividend income

387,144

355,289

2,410,511

1,394,512

Income from dealing in foreign currencies

523,434

872,311

1,756,117

2,298,023

Gain on sale of securities - net

531,112

95,914

3,029,970

1,507,214

Unrealized gain / (loss) on revaluation of investments classified as held for trading

206,733

(4,531)

(58,523)

(61,151)

Other income

231,508

227,766

835,473

779,668

Total non mark-up / interest income

4,754,616

4,489,141

17,143,628

14,529,595

17,932,621

15,613,562

55,604,251

45,818,966

Non mark-up / interest expenses

Administrative expenses

(7,382,857)

(7,117,663)

(22,318,241)

(21,023,006)

Other provisions - net

(49,143)

(25,465)

(134,165)

(140,242)

Workers' Welfare Fund

(212,626)

(173,935)

(665,896)

(503,380)

Other charges

(136,744)

(497)

(200,310)

(8,324)

Total non mark-up / interest expenses

(7,781,370)

(7,317,560)

(23,318,612)

(21,674,952)

Profit before taxation

10,151,251

8,296,002

32,285,639

24,144,014

Taxation - Current

(3,742,959)

(2,996,719)

(11,812,534)

(8,644,957)

- Prior

(362,854)

(512,731)

(1,985,437)

(513,046)

- Deferred

503,333

533,507

783,236

866,358

(3,602,480)

(2,975,943)

(13,014,735)

(8,291,645)

Profit after taxation

6,548,771

5,320,059

19,270,904

15,852,369

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

Earnings per share - basic and diluted

5.35

4.35

15.74

12.95

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

"B"

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015

 July-September 2015

 July-September 2014

 January - September 2015

 January - September 2014

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

Mark-up / return / interest earned

24,572,355

20,901,554

72,502,592

62,642,194

Mark-up / return / interest expensed

 (10,203,819)

 (9,386,607)

 (29,892,744)

(29,073,131)

Net mark-up / return / interest income

 14,368,536

11,514,947

42,609,848

33,569,063

(Provision) / reversal against loans and advances - net

 (471,336)

489,724

 (2,432,402)

(417,958)

Provision against lendings to financial institutions - net

-

 (155,598)

-

(165,303)

Provision for diminution in value of investments - net

 (33,791)

 (173,410)

 (74,382)

(414,687)

Bad debts written off directly

 (33,446)

 (113,146)

 (105,852)

(189,546)

 (538,573)

47,570

 (2,612,636)

(1,187,494)

Net mark-up / return / interest income after provisions

13,829,963

11,562,517

39,997,212

32,381,569

Non mark-up / interest income

Fee, commission and brokerage income

3,394,251

3,399,801

10,745,825

9,963,245

Dividend income

387,144

355,261

1,669,280

1,220,636

Income from dealing in foreign currencies

585,216

888,671

1,967,555

2,350,139

Gain on sale of securities - net

397,302

120,676

3,144,989

1,657,159

Unrealized gain / (loss) on revaluation of investments classified as held for trading

215,810

 (2,367)

 (50,995)

(48,903)

Other income

244,891

242,312

1,100,425

836,475

Total non mark-up / interest income

5,224,614

5,004,354

18,577,079

15,978,751

19,054,577

16,566,871

58,574,291

48,360,320

Non mark-up / interest expenses

Administrative expenses

 (8,142,469)

 (7,817,838)

 (24,541,529)

(23,076,863)

Other provisions - net

 (49,143)

23,609

 (134,165)

(142,319)

Workers' Welfare Fund

 (213,778)

 (175,021)

 (670,642)

(506,724)

Other charges

 (136,744)

 (497)

 (200,310)

(8,324)

Total non mark-up / interest expenses

 (8,542,134)

(7,969,747)

 (25,546,646)

(23,734,230)

10,512,443

8,597,124

33,027,645

24,626,090

Share of income of associates

144,654

247,586

604,793

914,981

Profit before taxation

10,657,097

8,844,710

33,632,438

25,541,071

Taxation - Current

 (3,773,138)

 (3,011,232)

 (11,985,759)

(8,715,479)

- Prior

 (362,590)

 (512,731)

 (1,986,080)

(513,075)

- Deferred

503,333

533,154

783,236

865,773

 (3,632,395)

(2,990,809)

 (13,188,603)

(8,362,781)

Profit after taxation

7,024,702

5,853,901

20,443,835

17,178,290

Attributable to:

Equity shareholders of the Bank

6,829,388

5,759,995

19,842,062

17,064,669

Non-controlling interest

195,314

93,906

601,773

113,621

7,024,702

5,853,901

20,443,835

17,178,290

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

Earnings per share - basic and diluted

5.58

4.71

16.21

13.94