UBL: shining bright

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United Bank Ltd
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PL Rs(mn)               1QCY12    1QCY11    Chg
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Mark-up Earned          17,696    16,709     6%
Mark-up Expensed       (8,095)   (7,553)     7%
Net Markup Income        9,600     9,157     5%
Provisioning             (766)   (2,340)   -67%
Net Mark-up income
 after provisions        8,835     6,817    30%
Other income             4,094     3,026    35%
Operating revenues      13,695    12,183    12%
Other expenses         (5,699)   (4,831)    18%
Profit before taxation   7,230     5,012    44%
Profit after taxation    4,865     3,273    49%
EPS (Rs)                  3.97      2.67
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Source: Company Accounts