Cairo-based satellite operator Nilesat suffered a downturn in its revenues for the first quarter of the year (to March 31st) although net income rose.

For the first quarter, Nilesat reported sales was $24.07 million (€21.3m) compared to $25.45 million a year ago. Net income was $14.75 million compared to $6.38 million a year ago.

The numbers show that Nilesat’s overall revenues are more or less flat:

· Q1 2025 – $24.07 million
· Q1 2024 – $25.45 million
· Q1 2023 – $25.59 million
· Q1 2022 – $25.05 million

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