Cairo – Mubasher: Utopia posted a decline of 84.5% in net profits for the first half of 2016.

The firm saw net profits of EGP 741,000 for the first half of 2016, compared with EGP 4.8 million for the same period of the previous year.

Utopia registered an increase of 99.9% y-o-y in net profits for the first quarter of 2016.