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19 November 04:01 AM

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11 March 04:10 PM Acrow Misr sees higher consolidated profits in 2024; revenues hit EGP 4.3bn
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork achieved consolidated net profits after tax amounting to EGP 1.14 billion in 2024, up from EGP 344.36 million in 2023. Revenues from contracts with customers hit EGP 4.31 billion last year, …
Financial Results
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3 December 2024 02:21 PM ICON logs EGP 4.5bn consolidated revenues in 9M-24; profits leap
Cairo – Mubasher: The consolidated net profits after tax of Industrial Engineering Company for Construction and Development (ICON) hit EGP 814.51 million in the first nine months (9M) of 2024.  The recorded net profits were higher than EGP 416.45 …
Financial Results
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3 December 2024 01:26 PM Acrow Misr’s consolidated profits near EGP 748.5m in 9M-24
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted higher consolidated net profits after tax at EGP 748.38 million in the first nine months (9M) of 2024, versus EGP 347.08 million in 9M-23. The revenues amounted to EGP 3.18 billion …
Financial Results
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20 November 2024 09:49 AM AIF Holding acquires 62% shareholding in ICON for EGP 1.6bn
Cairo – Mubasher: AIF Holding Limited purchased a 62.22% stake in Industrial Engineering Company for Construction and Development (ICON) at a value of EGP 1.62 billion. AIF Holding bought 90.52 million shares in the EGX-listed company at an …
Companies Investments
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24 October 2024 10:07 AM Acrow Misr’s board greenlights 2023 cash dividends
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork announced cash dividends valued at EGP 206.45 million for 2023, according to a bourse disclosure. The board members approved a divined of EGP 3.75 per share to be distributed from the …
Board of Directors
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21 August 2024 10:48 AM ICON sees higher consolidated profits in H1-24; revenues hit EGP 2.7bn
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) generated consolidated net profits of EGP 643.80 million in the first half (H1) of 2024, an annual rise from EGP 267.61 million. Revenues from contracts with …
Financial Results
Photo Archive
21 August 2024 08:01 AM Acrow Misr’s H1-24 consolidated revenues cross EGP 2bn; profits hike
Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork hit EGP 558.37 million in the first half (H1) of 2024, compared to EGP 237.55 million in H1-23. Revenues from contracts with customers reached EGP …
Financial Results
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17 July 2024 00:37 PM ICON’s consolidated profit hits EGP 449m in Q1-24
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) logged a consolidated net profit of EGP 449.08 million in the first quarter (Q1) of 2024 from EGP 173.25 million in Q1-23. Revenues from contracts with …
Financial Results
Photo Archive
17 July 2024 00:27 PM Acrow Misr’s consolidated profit jumps to over EGP 400m in Q1-24
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a consolidated net profit of EGP 400.29 million in the first quarter (Q1) of 2024 from EGP 146.79 million in Q1-23. Revenues from contracts with clients soared to EGP 893.66 …
Financial Results
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2 May 2024 08:56 AM Arabia Investments, Nasr Company for Civil Works unveil capital hike
Cairo – Mubasher: The shareholders of Arabia Investments Holding and Nasr Company for Civil Works agreed to increase the company’s issued and paid-up capital. Arabia Investments plans to raise its capital to EGP 467.43 million from EGP 424.94 …
Companies Investments
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23 April 2024 02:22 PM Acrow Misr’s consolidated profit surges to EGP 344m in 2023
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a consolidated net profit of EGP 344.36 million in 2023, up from EGP 113.11 million a year earlier. Revenues surged to EGP 2.55 billion last year from EGP 1.57 billion in 2022, …
Financial Results
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23 April 2024 11:38 AM ICON’s consolidated profit records EGP 423m in 2023; dividends proposed
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) reported a net consolidated profit after tax of EGP 423.59 million in 2023, up from EGP 145.41 million the year before. Revenues surged to EGP 3.62 billion …
Cash Dividends
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20 February 2024 11:02 AM Nasr Company for Civil Works’ consortium signs EUR 46m agreement with Uganda
Cairo – Mubasher: A consortium of Nasr Company for Civil Works and Ugandan company Dott Services Limited signed a joint venture (JV) agreement with the Ministry of Water and Environment in Uganda. The agreement includes implementing water network …
Companies Investments
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22 January 2024 00:37 PM Giza Contracting rolls out EGP 539m project award
Cairo - Mubasher: The New Urban Communities Authority awarded Giza General Contracting and Real Estate Investment Company a project contract valued at EGP 539.11 million. The EGX-listed firm will handle the works in the social housing buildings …
Companies Investments
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25 December 2023 03:32 PM ICON’s consolidated profits leap 205% in 9M-23
Cairo – Mubasher: The consolidated net profit after tax and the minority of Industrial Engineering Company for Construction and Development (ICON) hit EGP 338.96 million in the first nine months (9M) of 2023. The recorded net profits were higher …
Financial Results
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23 November 2023 11:37 AM Acrow Misr’s shareholders nod to EGP 200m dividends
Cairo – Mubasher: The ordinary general meeting (OGM) of Acrow Misr for Scaffolding and Formwork approved cash dividends standing at EGP 199.84 million. The dividends amount will be distributed from the company’s 2022 income statements, according …
General Assembly
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31 October 2023 02:31 PM Egyptian ICON’s unit signs contract for SAR 40m Gulf-focused project in Saudi Arabia
Cairo – Mubasher: Prefabricated Buildings Development Industrial Company, a 100%-owned subsidiary of the Egypt-based listed Industrial Engineering Company for Construction and Development (ICON), has penned a contract to develop a project in Saudi …
Global Economy
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5 October 2023 10:03 AM ICON registers over EGP 267.5m consolidated profits in H1-23
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) posted consolidated net profits after tax valued at EGP 267.61 million in the first half (H1) of 2023. The recorded profits were higher than EGP 72.20 million …
Financial Results
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2 October 2023 10:01 AM Acrow Misr posts 334.5% surge in H1-23 consolidated profits
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork recorded 334.40% higher consolidated net profits at EGP 235.80 million in the first half (H1) of 2023, versus EGP 54.28 million in H1-22. Sales climbed by 36.70% year-on-year (YoY) to EGP …
Financial Results
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7 September 2023 07:50 AM FRA greenlights Nasr Company for Civil Works’ capital raise
Cairo – Mubasher: Nasr Company for Civil Works has received the approval of the Financial Regulatory Authority (FRA) to proceed with the capital hike procedures.    The EGX-listed firm plans to increase its issued and paid-up capital by EGP 50 …
Corporate Actions
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27 July 2023 10:19 AM Acrow Misr records hike in Q1-23 net profits
Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork jumped to EGP 146.79 million in the first quarter (Q1) of 2023 from EGP 23.59 million in Q1-22, including non-controlling interest. Earnings per …
Financial Results
Photo Archive
13 July 2023 00:16 PM ICON’s shareholders nod to capital hike
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) obtained the shareholders’ approval to increase the issued and paid-up capital to EGP 582 million from EGP 485 million. The shareholders greenlighted the …
Management Decisions
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6 July 2023 01:41 PM Nasr Company for Civil Works unveils EGP 120m contract award
Cairo – Mubasher: Egypt’s Ministry of Transport awarded Nasr Company for Civil Works a project contract worth EGP 120 million for the high-speed electric train. In a bourse disclosure, the EGX-listed company highlighted that it will manage the …
Companies Investments
Photo Archive
25 May 2023 03:39 PM ICON’s subsidiary wins over SAR 105.5m deal for NEOM in Saudi Arabia
Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON), listed on the Egyptian Exchange (EGX), said that its subsidiary Prefabricated Buildings Development Industrial Co. Saudi Arabia won a contract for the NEOM …
Companies Investments
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4 May 2023 03:35 PM Acrow Misr’s consolidated profits exceed EGP 113m in 2022
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted EGP 113.11 million in consolidated net profit after tax in 2022, an annual drop from EGP 122.04 million, including minority interest. Basic and diluted earnings per share (EPS) …
Financial Results