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Acrow Misr for Scaffolding and Formwork (ACRO)

Last update: 22 December 2019 02:00 AM market time.
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Open 14.52
Previous Close 14.52
High 15.00
Low 14.64
Stock Statistics
Volume 1,868
Turnover 27,457.16
All data are 15 minutes late during market session

News

Revenues slid to EGP 846.1 million in 9M-19
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 …
Profit plummeted to EGP 430,980 in Q3
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 …
The OGM also approved H1-19’s financial statements
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 …
Revenues edged down to EGP 615.4 million
3 October 2019 11:52 AM Acrow Misr’s profit slides to EGP 72m in H1; dividends proposed
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a 42% year-on-year profit decline during the first half of 2019, the company’s consolidated financial results showed.   Net profits plunged to EGP 72.25 million in the six-month …
Revenues slid to EGP 555.22 million
5 September 2019 11:29 AM Acrow Misr posts EGP 77m standalone profit in H1
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork (ACRO) reported a 21.2% year-on-year profit drop during the first half of 2019, the company’s standalone financial results showed. Net profits retreated to EGP 77.13 million in the …
The company’s revenue went down to EGP 332.7m
25 June 2019 09:13 PM Acrow Misr posts 22% profit decline in Q1
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork(ACRO) has reported a 22.07% year-on-year decline in net profit during the first quarter of 2019, recording EGP 49.013 million. The company’s revenue went down to EGP 332.717 million in …
The capital hike will be implemented through the distribution of 2-for-3 basis bonus shares
5 May 2019 04:14 PM Acrow Misr’s EGM nods to capital hike via bonus shares
Cairo – Mubasher: The extraordinary general meeting (EGM) of Acrow Misr for Scaffolding and Formwork (ACRO) has approved to raise the company’s authorised capital to EGP 1 billion from EGP 500 million. The EGM has also agreed to boost the …
The board proposed the increase of authorised capital to EGP 1 billion
12 April 2019 00:38 AM FRA approves ACRO’s capital-hike disclosure report
Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) on Thursday approved the disclosure report of Acrow Misr for Scaffolding and Formwork’s (ACRO) regarding the increase of the company’s authorised and issued capital, according to a …
The board has also approved to raise the authorised capital to EGP 1 billion from EGP 500 million
17 March 2019 01:41 PM Acrow Misr proposes capital hike via bonus shares
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork’s (ACRO) board of director has proposed the distribution of a 2-for-3 basis bonus shares for fiscal year 2018. This recommendation was made in order to raise the company’s issued and …
The company logged EGP 190.48 million in profits for 2018
17 March 2019 11:43 AM Acrow Misr FY18 profits jump 20%
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork (ACRO) on Sunday reported a 29.4% year-on-year increase in net profits for 2018. The company logged EGP 190.48 million in profits for the 12-month period ended 31 December 2018, versus EGP …
ACRO’s board approved the inauguration of a new branch
11 June 2018 03:19 PM Acrow Misr opens branch in Abu Dhabi
Cairo – Mubasher:  Acrow Misr for Metallic Scaffoldings and Frameworks SAE (ACRO.CA) has stated that the opening of its new branch in Abu Dubai is aimed at marketing the Egyptian company’s products, according to a bourse statement released on …
Acrow Misr Q3 profits jump 89%
9 November 2017 01:52 PM Acrow Misr Q3 profits jump 89%
Cairo - Mubasher: Acrow Misr for Scaffolding and Formwork’s consolidated financial statement showed a profit increase of 89% year-on-year in the third quarter of 2017, led by revenue growth. Profits reached EGP 25.6 million in Q3-17, compared to …
Consolidated revenues rose in Q1-17 to EGP 245.16 million
4 June 2017 00:12 PM Acrow Misr Q1 profits rise 26%
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork’s consolidated profits for the first quarter of fiscal year 2017 grew 26% to EGP 52.4 million, versus EGP 41.58 million for Q1-16. Consolidated revenues rose in Q1-17 to EGP 245.16 million …
(Photo credit: Company's website)
18 April 2017 00:42 PM Acrow Misr EGM approves capital raise
Cairo – Mubasher: Acrow Misr’s extraordinary general meeting (EGM) has voted for raising the issued and paid capital from EGP 110.1 million to EGP 330.3 million. The raise value is EGP 220.2 million distributed across 22 million shares with a par …
One of Acrow's projects (Photo Credit: Company's Website)
2 April 2017 01:05 PM Acrow Misr profits up in Q4
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a 2,132% year-on-year rise in its profits during the fourth quarter of 2016, according to the consolidated financial statements. Net profits reached EGP 125 million in Q4-16, …
Acrow Misr, Arab Contractors unit to establish firm in Nigeria
1 February 2017 11:47 AM Acrow Misr, Arab Contractors unit to establish firm in Nigeria
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork signed a five - year agreement with Arab Contractors O.A.O Nigeria limited to establish a joint company. The agreement also included selling and marketing number of Acrow Misr’s products …
The company’s consolidated profits for the third quarter declined 62.5% - Photo Credit: Company's Website
12 December 2016 01:49 PM Acrow Misr acquires stakes in two firms
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork approving purchasing a number of shares in two companies, a Monday’s bourse statement revealed. Acrow’s board of directors gave the green light to buying a 70% stake in Egypt’s Acrow Ltd, …
An Acrow Egypt project (Photo credit: Company website)
23 November 2016 11:22 AM Acrow Misr profits down 62.5% in Q3
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a profit decline of 62.5% in the third quarter of 2016, according to the company’s statement to the Egyptian Exchange (EGX) on Wednesday. Profits reached nearly EGP 13.6 million …
Net profit of the first nine months of 2016 fell 33% to EGP 68.54 million (Photo Credit: Company's Website)
9 November 2016 11:20 AM Acrow Misr Q3 profits down 63%
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork Company’s profits for the third quarter of fiscal 2016 declined by 63% to EGP 12.87 million, compared to EGP 35 million for Q3-15. Net profit of the first nine months of 2016 fell 33% to …
Acrow Misr seeks penetration of Iraqi market
18 October 2016 00:06 PM Acrow Misr seeks penetration of Iraqi market
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork said it signed a contract with Arab Contractors Company - (Osman Ahmed Osman) - Iraq Branch. According to the agreement, Arab Contractors Company will be the registered agent and …
Acrow Misr profits decline 35.4% in Q2
30 August 2016 11:36 AM Acrow Misr profits decline 35.4% in Q2
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted a decline of 35.4% in net profits for the second quarter of 2016. The Egyptian listed firm saw profits of EGP 25.94 million ($2.9 million) compared with EGP 40.14 million ($4.5 …
Photo Credit: Company's Website
3 July 2016 00:25 PM Acrow Misr consolidated profits rise 18% in Q1
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork posted an increase in its consolidated profits for the first quarter of 2016, said the company in a bourse filing. The company’s earnings rose by 18% year-over-year to EGP 41.58 million …
The company’s net profits reached EGP 39.03 million (Photo Credit: Company website)
26 May 2016 11:55 AM Acrow Misr posts higher profits in Q1
Cairo-Mubasher: Acrow Misr for Scaffolding and Formwork achieved a growth of 8.9% in standalone profits of the first quarter as compared to the same period in 2015, the company said in a statement issued Thursday. The company’s net profits reached …
Photo Credit: Company's Website
5 April 2016 04:29 PM Acrow Misr approves $0.35/shr cash dividend
Cairo – Mubasher: The ordinary general meeting (OGM) of Acrow Misr for Scaffolding and Formwork approved paying out cash dividends at $0.35 per share for 2015. The dividends will be distributed over two installments at $0.0563 and $0.2937 per …
Photo - Archive
20 March 2016 10:57 AM Acrow Misr FY15 consolidated profits up 72%
Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork said it saw an increase in 2015 consolidated profits by 72%. The company’s consolidated profits for 2015 moved up to EGP 117.1 million from EGP 68.2 million for 2014. In the first nine …