Arab Finance: Utopia for Real Estate and Tourism Investment (UTOP) recorded a 156.4% year-on-year (YoY) growth in net profits after tax during the first nine months of 2023, according to financial indicators filed to the Egyptian Exchange (EGX) on November 9th.
The company’s net profit after tax stood at EGP 14.313 million, compared to EGP 5.582 million in the first nine months of 2022.
Revenues amounted to EGP 22.126 million from January through September, up 142.7% YoY from EGP 9.116 million.
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.