Arab Finance: Utopia for Real Estate and Tourism Investment (UTOP) has reported a 145.3% year-on-year profit growth after tax during the first half (H1) of 2022, according to financial indicators filed to the Egyptian Exchange (EGX) on Monday.
The company’s net profit after tax surged to EGP 5.198 million in H1 2022 from EGP 2.119 million the year before.
Revenue soared to EGP 9.027 million from January until the end of June from EGP 6.295 million in the same period a year earlier.
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.