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Acrow Misr's H1 profit surges 141% in unaudited financials

Acrow Misr's H1 profit surges 141% in unaudited financials
The revenues surged to EGP 742.77 million in the January-June period
Acrow Misr
ACRO
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Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported consolidated net profits of EGP 87.32 million in the first half (H1) of 2021, up 141% year-on-year (YoY) from EGP 36.2 million, including minority shareholders' rights, the unaudited financial results showed. 

The revenues surged to EGP 742.77 million in the January-June period, compared to EGP 449.99 million in the corresponding period a year earlier, the company said in a bourse disclosure on Thursday. 

Earlier, the company reported its standalone net profits at EGP 97.67 million in H1-21, compared to EGP 49.67 million in H1-20. 

During the first quarter (Q1) of 2021, Acrow Misr logged consolidated net profits of EGP 61.88 million, up by 101.2% YoY from EGP 30.75 million, including minority shareholders’ rights.