Utd.bk (regs) Regulatory News (UBLS)

Apr-Jun 2009

Apr-Jun 2008

Jan-Jun 2009

Jan-Jun 2008

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

Mark-up / return / interest earned

15,511,604

12,013,167

31,819,734

23,169,825

Mark-up / return / interest expensed

(7,742,896)

(5,192,551)

(15,986,868)

(9,954,021)

Net mark-up / return / interest income

7,768,708

6,820,616

15,832,866

13,215,804

Provision against non-performing loans and advances - net

(3,646,268)

(1,065,776)

(5,317,930)

(1,954,373)

General provision against consumer loans

(138,668)

63,908

(71,451)

87,729

Provision for diminution in value of investments

(44,140)

-

(334,200)

-

Bad debts written off directly

(365,631)

(346,459)

(700,291)

(677,366)

(4,194,707)

(1,348,327)

(6,423,872)

(2,544,010)

Net mark-up / return / interest income after provisions

3,574,001

5,472,289

9,408,994

10,671,794

Non mark-up / return / interest income

Fee, commission and brokerage income

1,625,738

1,601,105

2,914,859

3,051,470

Dividend income

236,227

218,727

271,032

246,210

Income from dealing in foreign currencies

205,896

477,813

524,545

727,554

Gain on sale of securities

(50,211)

58,157

74,750

308,776

Unrealised gain / (loss) on revaluation of trading securities

(22,673)

3,909

(681)

(1,202)

Other income

1,679,735

701,797

1,996,525

1,701,604

Total non mark-up / return / interest income

3,674,712

3,061,508

5,781,030

6,034,412

7,248,713

8,533,797

15,190,024

16,706,206

Non mark-up / interest expenses

Administrative expenses

(4,150,176)

(3,733,382)

(8,067,775)

(7,229,200)

Other provisions / write offs / reversals

(186,063)

(137,823)

(183,093)

(194,526)

Worker welfare fund

(86,727)

(202,673)

(169,345)

(202,673)

Other charges

(348)

(3,121)

(1,168)

(182,272)

Total non mark-up / interest expenses

(4,423,314)

(4,076,999)

(8,421,381)

(7,808,671)

Profit before taxation

2,825,399

4,456,798

6,768,643

8,897,535

Taxation

- Current

(1,339,001)

(1,805,755)

(2,946,897)

(3,641,566)

- Prior

(74,961)

(44,986)

(74,965)

(44,986)

- Deferred

340,204

86,915

540,768

382,529

(1,073,758)

(1,763,826)

(2,481,094)

(3,304,023)

Profit after taxation

1,751,641

2,692,972

4,287,549

5,593,512

Unappropriated profit brought forward

18,730,117

13,602,992

16,604,076

15,653,703

20,481,758

16,295,964

20,891,625

21,247,215

Transfer from surplus on revaluation of fixed assets - net of tax

29,299

80,420

126,614

160,840

Profit before appropriations

20,511,057

16,376,384

21,018,239

21,408,055

Appropriations

Transfer to statutory reserve

(350,328)

(538,595)

(857,510)

(1,118,703)

Final cash dividend for the year ended December 31, 2008 and December 31,2007 declared subsequent to the year end

(1,011,719)

-

(1,011,719)

(2,428,125)

Transfer to reserve for issue of bonus shares

(1,011,719)

-

(1,011,719)

(2,023,438)

(2,373,766)

(538,595)

(2,880,948)

(5,570,266)

Unappropriated profit carried forward

18,137,291

15,837,789

18,137,291

15,837,789

Basic and diluted earnings per share

1.57

2.42

3.85

5.03

Apr-Jun 2009

Apr-Jun 2008

Jan-Jun 2009

Jan-Jun 2008

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

Mark-up / return / interest earned

15,663,338

12,225,374

32,122,658

23,598,947

Mark-up / return / interest expensed

(7,779,870)

(5,239,302)

(16,062,836)

(10,053,241)

Net mark-up / interest income

7,883,468

6,986,072

16,059,822

13,545,706

Provision for non-performing loans and advances

(3,640,080)

(1,063,444)

(5,306,560)

(1,950,038)

General provision against consumer loans

(138,668)

63,907

(71,451)

87,729

Provision for diminution in value of investments

(44,140)

-

(334,200)

-

Bad debts written off directly

(365,631)

(346,459)

(700,291)

(677,366)

(4,188,519)

(1,345,996)

(6,412,502)

(2,539,675)

Net mark-up / interest income after provisions

3,694,949

5,640,076

9,647,320

11,006,031

Non mark-up / return / interest income

Fee, commission and brokerage income

1,703,175

1,869,704

3,079,668

3,562,427

Dividend income

236,426

223,411

271,542

251,289

Gain on sale of securities

(16,194)

58,157

115,645

308,776

Unrealised gain / (loss) on revaluation of trading securities

(22,673)

3,909

(681)

(1,202)

Income from dealing in foreign currencies

223,264

494,105

560,116

754,975

Other income

1,804,869

715,807

2,233,501

1,729,508

Total non mark-up / return / interest income

3,928,867

3,365,093

6,259,791

6,605,773

7,623,816

9,005,169

15,907,111

17,611,804

Non mark-up / interest expenses

Administrative expenses

(4,459,400)

(4,030,066)

(8,658,866)

(7,795,501)

Other provisions / write offs

(186,276)

(137,827)

(183,306)

(194,526)

Worker welfare fund

(86,727)

(202,673)

(169,345)

(202,673)

Other charges

(348)

(3,121)

(1,168)

(182,272)

Total non mark-up / interest expenses

(4,732,751)

(4,373,687)

(9,012,685)

(8,374,972)

2,891,065

4,631,482

6,894,426

9,236,832

Share of income from associates

32,403

(148,709)

212,318

(26,859)

Profit before taxation

2,923,468

4,482,773

7,106,744

9,209,973

Taxation

- Current / prior

(1,430,836)

(1,873,561)

(3,052,500)

(3,736,453)

- Deferred

340,598

88,500

543,528

382,328

(1,090,238)

(1,785,061)

(2,508,972)

(3,354,125)

Profit after taxation

1,833,230

2,697,712

4,597,772

5,855,848

Share of minority interest

1,223

(29,830)

(6,761)

(57,832)

Profit attributable to Shareholders of the Bank

1,834,453

2,667,882

4,591,011

5,798,016

Unappropriated profit brought forward

20,050,017

14,907,201

17,703,327

16,728,318

21,884,470

17,575,083

22,294,338

22,526,334

Transferred from surplus on revaluation of fixed assets - net of tax

29,300

80,420

126,614

160,840

Profit before appropriations

21,913,770

17,655,503

22,420,952

22,687,174

Appropriations

Transfer to statutory reserve

(350,328)

(538,594)

(857,510)

(1,118,702)

Final cash dividend for the year ended December 31, 2008 and December 31,2007 declared subsequent to the year end

(1,011,719)

-

(1,011,719)

(2,428,125)

Transfer to reserve for issue of bonus shares

(1,011,719)

-

(1,011,719)

(2,023,438)

(2,373,766)

(538,594)

(2,880,948)

(5,570,265)

Unappropriated profit carried forward

19,540,004

17,116,909

19,540,004

17,116,909

Basic and diluted earnings per share

1.65

2.40

4.13

5.21