Egyptian satellite operator Nilesat has reported its Q3 numbers. Revenue fell from $25.16 million a year ago to $24.8 million (€21.3m) in this latest quarter. Net income was $15.9 million compared to $19.1 million a year ago.

For the nine months period, sales were $73.4 million compared to $75.9 million a year ago.

Nilesat’s Q3 net profit from continuing operations was $16 million. The good news is that Nilesat’s net profit rose 18.86 per cent y-o-y. Net income was $48.33 million compared to $40.66 million a year ago.

Nilesat operates a small fleet of satellites positioned at the 7° West orbital slot, that included in the past Nilesat 101, Nilesat 102, and currently Nilesat 201, and Nilesat 301. These satellites cover a vast footprint that spans across the MENA region and parts of Africa, providing coverage to more than 100 million household.

Nilesat’s satellite coverage extends across the MENA region, encompassing countries such as Egypt, Saudi Arabia, Algeria, Morocco, Sudan, Iraq, and many others. The company plays a crucial role in connecting people and enabling access to information and entertainment across this vast geographical area.

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Categories: Articles, Business, Results

Tags: egypt, MENA, nilesat, satellite