UBL reports higher PAT

KARACHI: United Bank Ltd (UBL) has reported a higher profit after tax of Rs 4.863 billion during the quarter ending March 31, 2012, and announced a 10 percent interim cash dividend.

According to the financial results of the bank sent to KSE here Thursday, the pre-tax profit of the bank surged to Rs 7.243 billion during the period under review compared to Rs 5.141 billion in the same period last year.

The earning per share also improved to Rs 3.97 compared to Rs 2.78 in March 2011.