KARACHI: The United Bank Ltd (UBL) on Wednesday announced a 75 per cent surge in its profitafter-tax (PAT) to Rs55.145bn in 2023 compared to Rs31.535bn in 2022.

The bank also announced that the PAT for 4QCY23 depicted an increase of 3pc year-on-year to Rs13.5bn.

UBL announced a final dividend of Rs11 per share.

SPL income surges 122pc The profit of Security Paper Ltd (SPL) surged by 122pc Rs746 million during the 1HFY24 from Rs336m in the same period last year. The company`s top line increased by 38pc to Rs3.49bn from Rs2.53bn in the same period last year. It also announced an interim dividend of Rs2.5 per share.-Staff Reporter