ArabFinance: Utopia for Real Estate And Tourist Investment (UTOP) posted a 171% Year on Year increase in its net profit in the first half (H1) of 2020, according to the company’s August 6th financial statement filed to the Egyptian Exchange.
Net profit stood at EGP 3,260,424 in H1 2020, compared to EGP 1,201,800 achieved in H1 2019.
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.