Arab Finance: Utopia for Real Estate and Tourism Investment recorded an annual decline of 4.50% in net profit after tax to EGP 12.860 million at the end of December 2024, versus EGP 13.467 million in 2023, according to the financial results.
Revenues dropped to EGP 19.880 million last year from EGP 21.937 million in 2023, while the earnings per share (EPS) retreated to EGP 4.29 from EGP 4.49.
In the first nine months of 2024, Utopia’s net profits after tax fell by 12.6% YoY to EGP 12.51 million from EGP 14.313 million in the year-ago period.