NileSat’s profits up 26.77% YoY in 9 months

Updated 11/10/2024 10:56:00 AM
NileSat’s profits up 26.77% YoY in 9 months

Arab Finance: Egyptian Satellites (NileSat) reported a 26.77% year-on-year (YoY) rise in net profits after tax during the first nine months of 2024, recording $40.661 million, compared to $32.074 million, according to the financial income statement filed to the Egyptian Exchange (EGX) on November 11th.

The company’s operating revenue logged $75.957 million in the nine-month period, up from $76.543 million in the same period a year ago.

NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to broadband internet.

The company has a booking center that provides a range of services including satellite newsgathering as well as feed and turnaround services, in addition to a training center.

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