Cairo-based Nilesat, which with its orbital partner Eutelsat, supplies around 1000 TV and radio channels over the Middle East, has seen its profits tumble for its first quarter-year trading.

In the three months to March 31^st its net profit was $13.07 million, compared with $19.72 a year ago.

This is a more dramatic drop than in the whole of last year’s trading, when for the complete year Nilesat saw its 2017 net profits fall by some $5 million, from a 2016 position of $73,322,889 to $68,570,487 in the 12 months to December 31^st 2017.

Other posts by :

1. Oman’s Spaceport ready for fast-track launches
2. Bank uplifts RocketLab
3. AST SpaceMobile’s BlueBird/FM1 en route to India
4. D2D satellite battle hots up
5. Eutelsat share price rockets
6. AST SpaceMobile recovers after Verizon agreement
7. Bank has mixed messages for AST SpaceMobile
8. EchoStar clears key regulatory hurdles for Starlink deal
9. Starlinks falling to Earth every day

Categories: Articles, Business, Results