Acrow Misr for Scaffolding and Formwork (ACRO)

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News

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

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 …

Financial Results

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 …

Financial Results

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 …

Real estate

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 …

General Assembly

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 …

Corporate Actions

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 …

Corporate Actions

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 …

Financial Results

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results

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 …

General Assembly

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, …

Financial Results

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 …

Companies Investments

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, …

Financial Results

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 …

Financial Results

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 …

Financial Results

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 …

Companies Investments

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 …

Financial Results

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 …

Financial Results