Utopia's BoD ratifies profits of LE6 m ending December

Updated 2/23/2017 8:09:40 PM

ArabFinance: Utopia For Real Estate and Tourism Investment (UTOP) announced in a statement sent to EGX, the minutes of meeting for the Board of Directors, which was held on February 22.

The company's BoD approved unaudited financial results for the fiscal period ending December 2016, which revealed posting net profits  after taxes of LE6,158,882, versus net profits of LE4,799,886 a year earlier, representing 28.313% growth

The Exchange differences had a slightly impact on the firm’s financial results ending December 2016, due to increasing in constructions materials prices.