Utopia’s profits skyrocket 99.6% YoY in Q1
Updated 5/30/2022 9:30:00 AM
Arab Finance: Utopia for Real Estate And Tourism Investment (UTOP) has recorded a 99.6% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of 2022, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on May 29th.
The company's net profit after tax stood at EGP 4.08 million in Q1 2022, compared to EGP 2.04 million in the same quarter last year.
Revenue inched up to EGP 6.304 million in Q1 2022 from EGP 6.295 million in Q1 2021.
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.
