Egypt: NileSat registers $44mln net profits in 2023

Reuters/Asmaa Waguih

Revenues amounted to $3.29mln last year, up 1.97%

Staff Writer, Mubasher

January 29, 2024

PHOTO

Cairo – Egyptian Satellites Company (NileSat) logged net profits after tax valued at $43.75 million in 2023, higher by 12.29% year-on-year (YoY) than $38.96 million.

Revenues amounted to EGP 101.82 million last year, up 1.97% from EGP 99.85 million in 2022, according to the financial results.

The earnings per share (EPS) reached $1.03 in the January-December 2023 period, an annual growth of 11.96% from $0.92.

As of 31 March 2023, the company’s net profits from continuing operations increased YoY to $7.47 million from $7.27 million.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.