BR Research

UBL at a fast clip

Published February 23, 2012 Updated February 23, 2012 12:00am

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UNITED BANK LTD
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(Rs mn)                                 CY11       CY10     chg
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Markup Earned                         70,450     59,277     19%
Markup Expensed                      (31,026)   (24,997)    24%
Net Markup Income                     39,425     34,280     15%
Provisioning                          (7,291)    (8,005)    -9%
Net Markup income after provisions    32,134     26,275     22%
Other income                          12,718     10,090     26%
Operating revenues                    52,143     44,370     18%
Other expenses                       (20,629)   (18,623)    11%
Profit before taxation                24,223     17,742     37%
Profit after taxation                 15,500     11,160     39%
EPS (Rs)                               12.66       9.12
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Source: Company Accounts
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