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The Egyptian Satellite Company, NileSat has revealed that that its profits rose by 3.19 percent to record $19 million during the first half of this year, according to the financial statements on Sunday.
The company’s revenues rose to $51.19 million, compared with $50.14 million in the comparative period last year. However, NileSat’s financial statements have previously showed that its profits rose marginally during the first quarter of this year.
NileSat posted a net profit of $7.47 million from the beginning of January until the end of March 2023, up from 7.27 million in the same period in 2022, and the revenue rose to $25.58 million, compared with $25.04 million in the same period last year.
