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Acrow Misr profits decline 35.4% in Q2

Acrow Misr profits decline 35.4% in Q2
Acrow Misr profits decline 35.4% in Q2
Acrow Misr
ACRO
-2.33% 46.07 -1.10

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 million) for the same period a year earlier.

As for the first half of 2016, the firm profits slide 10.3% to EGP 67.52 million ($7.6 million).