 |
| |
WEEKLY
SECTIONS |
 |
| |
|
 |
UBL’s half yearly profit slashes by 24% |
| |
Updated at:
1820
PST, Wednesday, July 29, 2009 |
| |
KARACHI: United Bank Limited’s net profit witnessed a decline of 24 percent during the period January to June 2009 compared to the corresponding period last year.
According to figures released by Karachi Stock Exchange (KSE) UBL posted a net profit of Rs4.28 billion with earning per share Rs3.85 during January to June 2009. This shows that the bank’s profit declined by 24 percent compared to the same period last year in which it was recorded at Rs5.69 billion.
Market analysts say that UBL’s profit was affected due to increase in the provisioning of its Non Performing Loans (NPLs). The total NPLs of UBL have reached Rs5 billion. |
| |
|
|
|
|
ISSN 1563-9479 
