Utopia reports profit of EGP 2M in H1 2021

Updated 8/5/2021 2:29:00 PM

ArabFinance: Utopia for Real Estate And Tourism Investment (UTOP) posted a net profit of EGP 2.119 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 35% when compared to EGP 3.260 million in H1 2020.

The real estate distributed on April 7th cash dividends of EGP 3.75 per share.

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.