Nilesat and Arabsat Solidify Collaboration with MoU Signing
Nilesat Chairman and CEO, General Sameh Katta welcomed Arabsat CEO Engineer Alhamdi Alanezi and his high-level delegation to the company’s headquarters on the 6th of October City, Cairo, following the signing of a memorandum of understanding (MoU) between Nilesat and Arabsat in Riyadh during the Saudi Media Forum last February.
The meeting served as a platform to explore the prospects of…
Nilesat Reports USD 43.8 Million Profit in Fiscal Year 2023, Marking a 12% Increase from the Previous Year
Major General Sameh Katta, Chairman of the Board of Directors and Managing Director of the Egyptian Satellite Company Nilesat has announced the company's robust financial performance for the fiscal year ending on December 31, 2023. Nilesat recorded profits amounting to USD 43.754 million, marking a 12% increase compared to the previous year's earnings of USD 38.967 million in 2022.
He announced…
Nilesat Selects Hughes JUPITER System to Deliver Satellite Broadband Connectivity in Egypt
Hughes Network Systems, LLC (HUGHES), an EchoStar company, recently announced that Nilesat, a leading satellite operator in the MENA region, has purchased a Hughes JUPITER™ System Gateway and will use Hughes JUPITER terminals for its Nilesat 301 satellite. The implementation will begin in Q2 2024 and is expected to be complete by the end of Q3 2024.
“The Nilesat vision is to be the role model…
Nilesat Signs Cooperation Agreement with Arabsat to Enhance Satellite Broadcasting and Communications Services in the Region
The Egyptian Satellite Company (Nilesat) signed a strategic partnership and cooperation agreement with the Arab Satellite Communications Corporation (Arabsat) on the sidelines of the third edition of the Saudi Media Forum, which held in the Saudi capital from February 19 to 21 in Riyadh. The agreement covers cooperation in satellite television broadcasting and communications in the region.
The…
NileSat and Es’hailSat Sign Partnership Agreement to Enhance Satellite Services across MENA Region
According to the news report released by Ahram Online, NileSat and Es’hailSat have signed a strategic partnership agreement to enhance satellite services across the Middle East and North Africa (MENA) region. This collaboration will encompass various aspects, including video broadcasting, satellite communications, and digital technologies, focusing on advancing services throughout the region.…
Nilesat Awarded ISO Certificate for Management System
Nilesat, the Egyptian Satellite Company, proudly announced receiving the "ISO 9001:2015" quality management certificate after passing a thorough audit by Bureau Veritas. This certification validates the company's adherence to international standards set by the International Organisation for Standardisation (ISO), showcasing its commitment to delivering top-notch services meeting customers' needs…
Nilesat Records 2.1% Increase in 2023 Half-Year Revenue
For the six months that ended in June 2023, the Egyptian satellite company, Nilesat, reported a revenue of USD 51.19 million compared to USD 50.15 million for the same period in 2022 and a net income of USD 19.304 million compared to USD 18.706 million for the 2022 half-year, recording a 3.2% year-on-year increase, according to the financial income statement released in June. Basic earnings per…
Nilesat Reports USD 7.479 million as Profit in Q1 2023
In the first quarter (Q1) of 2023, NileSat reported a 2.81% year-on-year increase in net profits after tax, with a net profit of USD 7.479 million, compared to USD 7.274 million in the previous year (Q1 2022). Furthermore, NileSat's operating revenue also saw a year-on-year rise of 2.14% during the three months ending 31 March 2023. As a result, the operating revenue increased to USD 25.585…
Nilesat posts USD 7.27 million as profit in Q1 2022
NileSat posted a net profit of USD 7.27 million in the first quarter (Q1) of 2022, representing a 30.43% decrease in comparison to Q4 2021 and a 52.48% decrease in the corresponding quarter of the preceding year (2021).
According to the unaudited financial results presented to the Cairo bourse, NileSat’s revenue within the review period decreased marginally by 0.16% from USD 25.09 million in Q4…
Nilesat Records USD 111.76 Million in Revenue at Year-end December 2021, a Four-Year Low
NileSat, the Egyptian Satellite Company SAE, trading as EGSA.CA, revenue declines for the fourth time from USD 156.22 million in 2017 to USD 111.76 million at the year-end December 31, 2021. This represents a year-on-year (YoY) decrease of 10.66% from USD 125.1 million compared to the previous year and 28.46% in comparison to 2017.
Similarly, the company’s income statement on a quarterly basis…