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Utopia approves cash dividends

Utopia approves cash dividends

ArabFinance:  Utopia for Real Estate’s (UTOP) ordinary general assembly approved cash dividends of EGP 1.5 per share for 2019.

On March 24th, the general assembly approved the financial results for 2019 and distribution of EGP 4.5 million over 3 million shares.

The company posted profit of EGP 2,332,612 in 2019, a 103% climb from EGP 1,146,540 a year earlier.

Utopia attributed the increase in profit to the rise in delivered residential units in 2019.

Established in 1999 and listed in 2009, Utopia operates within the real estate sector focusing on diversified real estate activities.

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