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Utopia chairman cuts stake to 29%

Utopia chairman cuts stake to 29%
Photo Credit: Arabianeye - Reuters
Utopia
UTOP
-6.81% 37.45 -2.55

Cairo - Mubasher: The chairman of Utopia reduced his stake in the company to 29.189% from 30.189%.

The chairman sold 30,000 shares for EGP 207,000.

Utopia reported net profits of EGP 5.23 million for the first nine months of 2015, a surge of 653% from EGP 712,470 for the same period of 2014.