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Acrow Misr Q1 profits rise 26%

Acrow Misr Q1 profits rise 26%
Consolidated revenues rose in Q1-17 to EGP 245.16 million
Acrow Misr
ACRO
-2.48% 47.17 -1.17

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 from EGP 170.7 million for Q1-16, according to a bourse filing released on Sunday.

Standalone profit for Q1-17 reached EGP 37.92 million, compared to EGP 39.02 million for Q1-16.