ArabFinance: Acrow Formwork Technology reported a 16% Year on Year decline in its standalone net profit in the first nine months of 2020, according to the company’s November 15^{th financial statements} filed to the Egyptian Exchange.

Standalone net profit reached EGP 64,989,118 in the January-September period of 2020, compared to EGP 77,558,601 posted in the corresponding period a year earlier.

On October 28th, the company’s ordinary general meeting approved annual cash dividends of EGP 96,345,707.5 for 2020

Established in 1977 and listed on EGX in 1982, the listed company operates within the capital goods sector, focusing on construction and engineering.