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Acrow Misr's board recommends EGP 96m coupon distribution

Acrow Misr's board recommends EGP 96m coupon distribution
The coupon distribution stands at EGP 1.75 per share
Acrow Misr
ACRO
-5.64% 41.13 -2.46

Cairo – Mubasher: The board of Acrow Misr for Scaffolding and Formwork has recommended a coupon distribution of EGP 96.34 million for the fiscal year ended 31 December 2021.

The coupon distribution stands at EGP 1.75 per share, according to a bourse filing on Monday.

It is noteworthy to mention that during the first half (H1) of 2021, the company reported consolidated net profits of EGP 87.32 million, up 141% year-on-year (YoY) from EGP 36.2 million, including minority shareholders' rights.