Utopia distributes 6 EGP per share as dividends on the 7th of March

Utopia Real Estate Investment and Tourism (UTOP) decided to distribute coupon No (1) as 6EGP per share on the 7th of March to the share holders who will be holding the shares till the end of Sunday the 4th of March session.

This decision was taken after the General Ordinary Assembly – held on February 18th– confirmed on distributing cash dividends to shareholders, that will be financed by the revenues of the last fiscal year ended on the 31st of December 2011.

Ccompany’s business results during the year 2011 showed a net profit of 26.743 million pounds, against a steady growth in net profit of 4.999 million pounds for the fiscal year 2010.

Utopia’s issued and paid capital is amounted to 5 million EGP which is distributed on 1 million shares with a name value of LE 5 per share.