Mubasher TV
Contact Us Advertising   العربية

NileSat Q1 profits decline 13% to $11m

NileSat Q1 profits decline 13% to $11m
Revenues decreased to $32.86 million in Q1-19
Nilesat
EGSA
3.85% 6.75 0.25

Cairo – Mubasher: Egyptian Satellites Co (NileSat) posted a decrease of 12.9% in profits during the first quarter of 2019 compared to the same period a year ago.

NileSat’s profit shrank to $11.38 million in Q1-19 from $13.07 million in Q1-18.

Revenues decreased to $32.86 million in Q1-19 from $36.40 million in Q1-18, according to a bourse disclosure on Monday.