UBL declares 40 percent dividend

KARACHI: United Bank Limited (UBL) has posted a record consolidated profit before tax of Rs 11.020 billion for year ending December 31, 2010 and declared a final cash dividend of Rs 4 per share.

According to financial results sent to KSE here Monday, the pre- tax profit of the bank has surged to Rs 17.688 billion compared to Rs 14.392 billion in 2009.

The earning per share also improved to Rs 9.01 during the period under review as against Rs 7.78 last year.