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Utopia achieves 71% profit increase

Utopia achieves 71% profit increase

ArabFinance: Utopia for Real Estate And Tourist Investment (UTOP) reported a 71% Year on Year leap in its net profit in the first nine months of 2020, according to the company’s October 27th financial statements filed to the Egyptian Exchange.

Net profit after tax stood at EGP 3,213,470 in the January-September period of 2020, compared to EGP 1,875,693 achieved in the prior-year period.

The company distributed a cash dividend of EGP 1.5 per share on April 16th to shareholders recorded on the 13th of the same month.

Established in 1999 and listed in 2009, Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.

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