ArabFinance: Acrow Misr for Scaffolding and Formwork (ACRO) reported a consolidated net profit excluding minority interest of EGP 87.32 million in the first half (H1) of 2021, according to the company’s unaudited financial statement filed to the Egyptian Exchange (EGX).
This marks a 141% year-on-year (YoY) surge in net profits, as compared to a net profit of EGP 36.20 million in H1 2020.
The company’s revenues jumped by 65% YoY to EGP 742.77 million in H1 2021 from EGP 449.99 million in the prior-year period.
Established in 1977 and listed on EGX in 1982, Acrow Misr operates within the capital goods sector, focusing on construction and engineering.