External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>United Bank (UBL) posted 3Q2023 consolidated earnings of Rs12.04/share, up 126% YoY and 16% QoQ. This takes 9M2023 earnings to Rs34.05/share up 126% YoY which is highest ever 9M profit recorded by UBL.</li><li>Alongside result, bank also announced a interim cash dividend of Rs11/share, taking total 9M2023 dividend to Rs33/share which was also highest ever.</li><li>UBL recorded a Rs7.8bn loss on securities in 3Q2023; however, its impact was offset as the bank booked reversals in provisions amounting to Rs9.1bn.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

United Bank (UBL) posted 3Q2023 consolidated earnings of Rs12.04/share, up 126% YoY and 16% QoQ. This takes 9M2023 earnings to Rs34.05/share up 126% YoY which is highest ever 9M profit recorded by UBL.Alongside result, bank also announced a interim cash dividend of Rs11/share, taking total 9M2023 dividend to Rs33/share which was also highest ever.UBL recorded a Rs7.8bn loss on securities in 3Q2023; however, its impact was offset as the bank booked reversals in provisions amounting to Rs9.1bn.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

United Bank Limited (UBL): 3Q2023 EPS at Rs12, up 126% YoY (Earnings in line with expectations)

United Bank Ltd

United Bank Limited (UBL): 3Q2023 EPS at Rs12, up 126% YoY (Earnings in line with expectations)