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Utopia 2014 profit up double digits

Utopia 2014 profit up double digits
Photo Credit: Arabianeye-Reuters
Utopia
UTOP
-6.81% 37.45 -2.55

Utopia Co. disclosed its financial indicators for 2014 which reflected 224% profit growth.

The company achieved net profit of EGP411.2 thousands ($53.9 thousands) in 2014 compared with EGP126.6 thousands ($16.6 thousands) for 2013.

Meanwhile, the company's revenues stood at EGP1.4 million in 2014 compared with EGP1.1 million for 2013.

Utopia reported EGP712 thousands net profit for the first -nine months period of 2014.