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Acrow Misr posts 22% profit decline in Q1

Acrow Misr posts 22% profit decline in Q1
The company’s revenue went down to EGP 332.7m
Acrow Misr
ACRO
-100.00% 12.10 -12.14

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.