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 EGP 68.54 million from EGP 102.2 million for the same period of 2015, according to a bourse filing released on Wednesday.

Acrow Misr earlier reported a net profit of EGPO 55.67 million for the first half of 2016, 17% down compared to H1-15.

The stock’s price reached EGP 35.25 in today’s early trading.