Acrow Misr for Scaffolding and Formwork (ACRO)

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News

11 March 2025 05:10 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

3 December 2024 02:26 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

24 October 2024 11:07 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

21 August 2024 09:01 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

17 July 2024 01:27 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

23 April 2024 03:22 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

23 November 2023 00:37 PM 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

2 October 2023 11:01 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

27 July 2023 11:19 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

4 May 2023 04:35 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

16 November 2022 11:56 PM Acrow Misr sees lower consolidated profits in 9M-22

Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork retreated to EGP 98.24 million in the first nine months (9M) of 2022, compared to EGP 129.51 million in 9M-21, including non-controlling interest. …

Financial Results

18 August 2022 06:55 PM Acrow Misr’s consolidated profits retreat to EGP 56m in H1-22

Cairo – Mubasher: The consolidated net profits after tax of Acrow Misr for Scaffolding and Formwork plummeted to EGP 55.83 million in the first half (H1) of 2022, compared to EGP 88.84 million in H1-21, including minority interest. Acrow Misr …

Financial Results

24 July 2022 06:56 PM Acrow Misr witnesses lower profits in Q1-22

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork has logged consolidated net profits after tax worth EGP 23.59 million in the first quarter (Q1) of 2022, lower than EGP 61.88 million in Q1-21. Revenues increased to EGP 427.69 million in …

Financial Results

5 December 2021 11:07 AM Acrow Misr's consolidated profits hike 98% in 9M

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a 98% year-on-year (YoY) surge in consolidated net profits to EGP 128.18 million in the first nine months (9M) of 2021, compared to EGP 64.59 million in the year-ago period. The …

Financial Results

11 October 2021 02:37 PM Acrow Misr's board recommends EGP 96m coupon distribution

Cairo – Mubasher: The board of Acrow Misr for Scaffolding and Formwork has recommended a coupon distribution of EGP 96.34 million for the fiscal year ended 31 December 2021. The coupon distribution stands at EGP 1.75 per share, according to a …

Board of Directors

16 September 2021 03:55 PM Acrow Misr's H1 profit surges 141% in unaudited financials

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported consolidated net profits of EGP 87.32 million in the first half (H1) of 2021, up 141% year-on-year (YoY) from EGP 36.2 million, including minority shareholders' rights, the …

Financial Results

4 July 2021 04:06 PM Acrow Misr reports 101% higher profit in Q1-21

Cairo - Mubasher: Acrow Misr for Scaffolding and Formwork posted consolidated net profits of EGP 61.88 million during the first quarter (Q1) of 2021, up by 101.2% year-on-year (YoY) from EGP 30.75 million, including minority shareholders’ rights.  …

Financial Results

22 June 2021 05:09 PM Four companies receive Industrial Innovation Award 2020

Cairo - Mubasher: The Ministry of Trade and Industry organised the closing ceremony of the Industrial Innovation Award 2020 in cooperation with the German Corporation for International Cooperation (GIZ) and the Federation of Egyptian Industries …

Company News

25 August 2020 00:05 PM Acrow Misr's H1 profit drops 47%

Cairo – Mubasher: The consolidated financial statements of Acrow Misr for Scaffolding and Formwork showed a 47.3% year-on-year (YoY) decrease in its net profits, logging EGP 38.02 million in the first half (H1) of 2020, compared to EGP 72.25 …

Financial Results

30 March 2020 01:29 PM Acrow Misr to set up new firm in Tunisia

Cairo – Mubasher: The board of directors of Acrow Misr for Scaffolding and Formwork decided to establish a limited liability company in Tunisia. Acrow Misr will own 49% of the company’s capital which stands at $25,000, according to a bourse …

Companies Investments

30 March 2020 00:18 PM Acrow Misr’s net profit drops to EGP 173m in 2019

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a 6.6% year-on-year (YoY) decline in its net profits in 2019, the company’s consolidated financial statements showed. The Egyptian firm’s net profits fell to EGP 172.69 million …

Financial Results

12 February 2020 05:51 PM Acrow Misr to inaugurate branch in Kenya

Cairo – Mubasher: The board of Acrow Misr for Scaffolding and Formwork issued a decision to open a branch in Kenya under the name of Acrow Formwork East Africa Limited. Moreover, the board approved not to renew the marketing agreement with …

Companies Investments

15 December 2019 00:28 PM Acrow Misr sees 52% lower consolidated profit in 9M

Cairo – Mubasher: The consolidated financial statements of Acrow Misr for Scaffolding and Formwork indicated a 52% year-on-year (YoY) decrease in profit over the first nine months of 2019. The profits amounted to EGP 76.8 million during the …

Company News

26 November 2019 06:37 PM Acrow Misr posts 43% YoY standalone profit decline in 9M/19

Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork has reported a 42.7% year-on-year profit decline during the first nine months of 2019, the company's standalone financial statements showed.  The company’s net profit dropped to EGP 77.55 …

Financial Results

28 October 2019 10:54 AM Acrow Misr to distribute EGP 1.75/shr dividend

Cairo – Mubasher: The ordinary general meeting (OGM) of Acrow Misr for Scaffolding and Formwork Company approved to distribute EGP 1.75 per share as cash dividends to its shareholders. The dividends total EGP 96.34 million distributed on 55.05 …

Management Decisions