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 months of 2015, the company’s  consolidated profits grew by 99.9% year-on-year to EGP 111.49 million from EGP 55.78 million.

Earlier, the company posted a rise in 2015 standalone profits by 75.8% and the board of directors recommended distributing cash dividends at $0.35 a share.