Acrow Misr Says H1 Net Profit 35% Down

Acrow Misr Metallic Scaffoldings and Frameworks (ACRO.CA) reported a net profit of EGP 8.333 million during the first half of 2012, 35% down from a year earlier net profit of EGP 12.848 million.

Revenues hiked to EGP 79.782 through H1/2012, compared to EGP 72.206 million for H1/2011.

Gross profit, after excluding the cost of sold goods, rose to EGP 19.969 million, compared to EGP 13.387 million.

On the other hand, Operation profit – after excluding total expenses – went down to EGP 13.255 million during H1/2012, compared to EGP 16.712 million.
Moreover, basic earnings per share value at EGP 1.28 for H1/2012, compared to EGP 2.81 million for H1/2011.