Utopia
UTOP
UTOP
Utopia Real Estate Investment and Tourism (UTOP) announced that Ahmed Ezz El-Din Ahmed Zain, increased his stake in the company to 32.576% through buying 48.7 thousand shares.
The company is capitalized at EGP 15 million, divided into 3 million shares at EGP 5 par value each.
Utopia had posted EGP 802.5 thousand net profit for H1, with an increase by 42% compared with EGP 565.7 thousand net profit in H1-13.
Q1 financial statements had shown a fall in net profit by 62% to EGP 282 thousand, compared with EGP 748 thousand net profit in the same period a year earlier. The company’s FY13 net profit had dived 94% to EGP 126.6 thousand, from EGP 2.13 million a year earlier.
The company is capitalized at EGP 15 million, divided into 3 million shares at EGP 5 par value each.
Utopia had posted EGP 802.5 thousand net profit for H1, with an increase by 42% compared with EGP 565.7 thousand net profit in H1-13.
Q1 financial statements had shown a fall in net profit by 62% to EGP 282 thousand, compared with EGP 748 thousand net profit in the same period a year earlier. The company’s FY13 net profit had dived 94% to EGP 126.6 thousand, from EGP 2.13 million a year earlier.
Source:
Mubasher
