Cairo-based Nilesat, which broadcasts almost 1,000 channels across the MENA region, has reported higher net profits, up 11.25 per cent to $21.47 million (€19.51m) for the first 6 months of this year, despite overall revenues being squeezed.

Nilesat’s numbers were released to the Egyptian Stock Exchange on August 13th. The company’s operating revenue dropped in the six-month period ended June 30th to $50.80 million from $51.19 million.

NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to broadband internet. The company has a central capacity booking centre at 6th October City on the outskirts of Cairo which provides a range of services including satellite newsgathering as well as feed and turnaround services, in addition to a training centre.

Its Q1 net profit was $6.38 million. Nilesat, over the past half-year, has struck cooperation agreements with Es’Hailsat in Qatar and the Saudi Arabian- based Arabsat.

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Tags: egypt, nilesat