Nilesat profit up 58%
February 27, 2015
By Chris Forrester
Cairo-based Nilesat reported a significant jump in net profit, from $46.6 million in 2013 to $73.8 million in 2014, an improvement of 58.6 per cent.
The data was released to the Cairo Stock Exchange on February 26th.
Overall revenues also grew from $180.9 million in 2013, to $192 million in 2014.
Nilesat’s stock price has risen steadily over the past year, from $8 a share in March 2014 to $11.55 on February 25th. The operator also said that profits for the first 9 months of 2014 were $36.6 million.
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