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 […]

Cairo-based satellite operator Nilesat reported that its first-half year revenues amounted to $48.63 million (€41.63), a slight drop in the amount achieved the same period last year ($50.80m). But while the revenues have fallen when compared to 2024, the operator’s profit is up. Nilesat posted $32.33 million in net profit from continuing operations in the […]

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 […]

Eutelsat’s CEO Eva Berneke has made a high-profile visit to Nilesat’s Cairo headquarters. In a joint communique from Eutelsat and Nilesat’s chairman and CEO Sameh Katta, the pair discussed expanding cooperation between the two satellite companies. During the meeting, Katta reaffirmed Nilesat’s dedication to creating strong partnerships with global satellite operators. He emphasised the company’s […]

Cairo-based satellite operator Nilesat saw its revenues fall marginally during 2024. In the year to December 31st its revenues were $101.14 million (€96.5m) down slightly from $101.82 million in the same period last year, but its total profit grew almost 24 per cent to $42.98 million (from $37.7 million). The past year saw new cooperation […]

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 […]

Cairo-based Nilesat reported a 12 per cent increase in profits for the year ended December 31st 2023. The company’s profits reached $43.754 million, compared to $38.967 million in 2022. Revenues from operations also increased by 2 per cent to $101.825 million, compared to $99.859 million in 2022. The announcement was made during the company’s general […]

EchoStar-owned Hughes Network Systems has been selected by Cairo-based Nilesat for a local gateway which will use Nilesat’s 301 satellite. Hughes will supply one of its Jupiter Gateways and installation will begin shortly and be complete by the end of Q3. Commenting on the deal, Sameh Katta, Chairman/CEO of Nilesat, said: “The Nilesat vision is […]

Egyptian-based NileSat and Qatari-based Es’hailSat have signed a strategic partnership agreement for cooperation in satellite services in the Middle East and North Africa (MENA) region. The agreement means that NileSat, via Es’hailSat, has access to the Arabsat orbital ‘hot spot’ of 25.5/26 degrees East where Es’hailSat also has satellite coverage. Es’hailSat, in return can now […]

Cairo-based Nilesat has reported net profits (after tax) valued at $43.75 million (€40.4m) in 2023, higher by 12.29 per cent year-on-year (YoY) than $38.96 million. Revenues amounted to EGP 101.82 million last year, up 1.97 per cent from EGP 99.85 million in 2022, according to the financial results. Nilesat’s earnings per share (EPS) reached $1.03 […]