ArabFinance: Utopia for Real Estate And Tourism Investment’s (UTOP) unaudited financial indicators showed an 11% year-on-year (YoY) decline in net profits after taxes in the full year 2021, according to a statement filed to the Egyptian Exchange (EGX) on Thursday.

The company’s unaudited net profits after taxes dropped to EGP 2.641 million in 2021, from EGP 2.967 million in 2020, the statement revealed.

On the other hand, revenue jumped 10.6% to EGP 9.812 million last year, compared to EGP 8.873 million the year before.

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.

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