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Acrow Misr to distribute EGP 1.75/shr dividend

Acrow Misr to distribute EGP 1.75/shr dividend
The OGM also approved H1-19’s financial statements
Acrow Misr
ACRO
-100.00% 12.10 -12.14

Cairo – Mubasher: The ordinary general meeting (OGM) of Acrow Misr for Scaffolding and Formwork Company approved to distribute EGP 1.75 per share as cash dividends to its shareholders.

The dividends total EGP 96.34 million distributed on 55.05 million shares that are financed from the retained earnings and the profits of the first half of 2019, according to a bourse statement on Monday.  

The OGM also approved H1-19’s financial statements as well as the board’s and the auditor’s reports.

It is noteworthy to mention that during the January-June 2019 period, Acrow Misr recorded a net profit worth EGP 72.25 million from EGP 124.5 million a year earlier, including minority shareholders’ rights.