Acrow Formwork and Construction Services Limited (AU:ACF) has released an update.
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Acrow Formwork and Construction Services Limited reported a robust financial performance for the fiscal year ending June 30, 2024, with a significant 28% increase in revenue and a 9% rise in net profit after tax. The company’s growth was bolstered by organic expansion and strategic acquisitions, including MI Scaffold and Benchmark Scaffolding, enhancing their industrial services offerings. Shareholders are set to receive a fully franked final dividend of 3.0 cents per share, with a Dividend Reinvestment Plan offered at a 2.5% discount.
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