UBL reports higher profit

KARACHI: United Bank Limited (UBL) has posted a record consolidated profit before tax of Rs 3.395 billion for the first quarter ending March 31, 2011.

According to financial results sent to KSE, the pre-tax profit of the bank also surged to Rs 5.141 billion compared to Rs 4.230 billion in March 2010.

The earning per share also improved to Rs 2.78 during the period under review compared to Rs 2.25 in the same period last year.