Cairo – Mubasher: Acrow Misr for Scaffolding and Formwork reported a 98% year-on-year (YoY) surge in consolidated net profits to EGP 128.18 million in the first nine months (9M) of 2021, compared to EGP 64.59 million in the year-ago period.

The company generated revenues of EGP 1.15 billion in the January-September period of 2021, up from EGP 713.05 million in the corresponding period of 2020, according to a bourse filing on Sunday.

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% YoY from EGP 36.2 million, including minority shareholders' rights.