Cairo - Mubasher: Utopia registered an increase of 635% in net profits for the first nine months of 2015.

The company saw net profits of EGP 5.237 million for this period of 2015, compared with EGP 712,500 for the similar period of the previous year.

Meanwhile, the firm reported revenues of EGP 5.2 million for this nine-month period of 2015, up from EGP 1.8 million for the same period a year earlier.

Utopia is capitalised at EGP 15 million, distributed across 3 million shares at EGP 5 par value each.