Acrow Misr’s consolidated profit soars 98% in 9 months
Updated 12/5/2021 9:29:48 AM
ArabFinance: Acrow Misr for Scaffolding and Formwork (ACRO) reported a 98% year-on-year (YoY) hike in consolidated net profit excluding minority interest for the first nine months of 2021, according to the unaudited financial indicators filed to the Egyptian Exchange (EGX).
The company’s consolidated net profit excluding minority interest stood at EGP 128.18 million in the nine-month period ended September 30th, 2021, compared to a profit of EGP 64.59 million in the prior-year period.
Consolidated revenue jumped by 62% YoY to EGP 1.15 billion in the January-September period of 2021 from EGP 713.053 million.
Established in 1977 and listed on EGX in 1982, Acrow Misr operates within the capital goods sector, focusing on construction and engineering.
