UBL strong and steady

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United Bank Limited
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(Rs mn)                   1HCY12     1HCY11    chg
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Markup Earned            36,258     34,077      6%
Markup Expensed         (17,045)   (14,747)    16%
Net Markup Income        19,213     19,331     -1%
Provisioning             (1,303)    (4,942)   -74%
Net Markup income
 after provision         17,910     14,389     24%
Other  income             7,680      5,899     30%
Operating revenues       26,893     25,229      7%
Other  expenses         (11,782)   (10,058)    17%
Profit before taxation   13,808     10,229     35%
Profit after taxation     9,318      6,705     39%
EPS (Rs)                   7.61       5.48
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Source: Company Accounts