AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, November 01, 2012 (PPI-OT): UBL posted profit after tax of PKR 14,057.86 million (EPS: PKR 11.48) higher by 28.35% in 9MCY12 as against PKR 10,952.45 million (EPS: PKR 8.95) last year.
According to Alfalah Securities Limited, the hike in profitability is mainly attributed to 53.79%YoY drop in provision against loan and advances to PKR 2,694.85 million and higher non‐mark up interest income of PKR 13,189.0 million which surged by 47.6%YoY. UBL posted profit of PKR 4,740.1 million after tax (EPS: PKR 3.87) in 3QCY12 which is higher 11.6% as against PAT of PKR 4,247.9 million (EPS: PKR 3.47) during the same period last year. UBL has also announced interim DPS of PKR 2.0 for the quarter ended September 30, 2012.