Utopia Real Estate's Q1 profit increases

Updated 6/10/2020 2:07:00 PM

ArabFinance: Utopia For Real Estate And Tourist Investment (UTOP) posted a 304% Year on Year increase in its net profit in Quarter one (Q1) of 2020, according to a June 10th financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 1,704,591 in Q1 2020, compared to EGP 421,275 achieved in the prior-year period.

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

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