Cairo – The unaudited financial results of the Egyptian Satellites Co (NileSat) showed net profits of $10.8 million in the first quarter of 2020, down by 5% from $11.38 million in the year-ago period.
NileSat’s revenues declined to $32.36 million in the January-March period, compared to $32.86 million in the same period in 2019, according to a bourse disclosure on Monday.
It is worth mentioning that during 2019, NileSat posted net profits of $42.53 million, down from $53.46 million in 2018.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
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.
