Cairo - Mubasher: Utopia reported a drop in profits by 86.15% in the first nine months of 2016, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

Profits reached EGP 725,300 in the nine-month period that ended 30 September 2016, compared to EGP 5.23 million in the same period last year.

Utopia’s stock ended Sunday’s trading session at EGP 4.56.