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 Q1-19 versus EGP 340.71 million a year earlier, according to a bourse statement.

ACRO’s net profit grew 29.4% year-on-year in 2018, registering EGP 190.48 million.