After tax profit of United Bank Limited (UBL) has increased by Rs 936.364 million (20 percent) to Rs 5.630 billion in the first half of the current calendar year (January-June 2007) as compared to Rs 4.694 billion earned in the corresponding period in 2006. The earning per share (EPS) of the bank increased to Rs 6.96 in the period under review against Rs 5.80 in the same period last year.

In an information to the Karachi Stock Exchange (KSE), the UBL said that the mark-up/return/interest income of the bank surged to Rs 19.731 billion in the first six months of 2007 as compared to Rs 15.064 billion in the same period in 2006.

While the non mark-up/interest and other income of the bank increased to Rs 4.214 billion in this period against Rs 3.236 billion in the same period in 2006. The profit before tax of the bank stood at Rs 8.972 billion in the first half of 2007 against Rs 7.069 billion in the same period in the previous year.

Copyright Business Recorder, 2007