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NILESAT 301 communications satellite. Image Courtesy: Nilesat
Egyptian Satellites (NileSat) generated net profits worth $57.681 million in 2024, up 31.83% year-on-year (YoY) from $43.754 million, according to a bourse statement.
Total operating revenue amounted to $101.140 million at the end of December 2024, compared to $101.824 million in 2023.
In the first nine months of 2024, the company witnessed 26.77% YoY higher net profits after tax at $40.661 million, compared to $32.074 million.
NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to broadband internet.
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