The H1 consolidated net profit after minority interest of Acrowmisr (ASX:ACRO) soared to EGP 235.8 million from EGP 54.3 million the previous year.

Likewise, the company recorded a H1 consolidated revenue of EGP 1.02 billion, an increase from EGP 749.7 million from the year before.

The board of Acrowmisr (ASX:ACRO) gave the green light to the constitution of a limited liability entity in Australia.

This establishment will witness the company owning a 95% share in the new company’s capital.

In contrast, the board approved the termination and closure of Acrowmisr Muscat.

Acrowmisr is a company known for its manufacturing of metallic scaffoldings and frameworks.