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…
Egypt Launches Nilesat 301 Aboard SpaceX’ Falcon 9
Egypt successfully launched the Nilesat-301 aboard the SpaceX Falcon 9 rocket to geostationary orbit today, June 8, 2022, from the Cape Canaveral Airbase in Florida, USA, at 10:04 pm UTC(+1). This brings Egypt's total launched satellites to ten, and Africa's satellite fleet to 48.
Nilesat-301, weighing roughly 4100kg , was manufactured in France by Thales Alenia Space as a replacement for the…
Egypt to Launch Nilesat 301 from the USA
The Egyptian Satellite Company's Chairman of the Board of Directors, Ahmed Anis, announced the commencement of preparations for the launch of the company's newest satellite (Nilesat 301) next week to replace (Nilesat 201), which is set to expire in 2028.
The new Egyptian satellite was manufactured in France and will be launched into orbit by SpaceX International from the Cap Canaveral Airbase in…
NileSat to Launch NileSat-301 in May
Egypt’s publicly-traded satellite operator NileSat will be launching its fourth, Egypt's tenth, and Africa's 48th satellite, NileSat-301 sometime in May. According to Thales Alenia Space, the satellite manufacturer, Nilesat-301 has recently been placed inside its transport container and is now ready for departure. It will leave Cannes’ plant in the upcoming weeks, heading for Fos Sur Mer to take…
NileSat to Launch NileSat-301 in May
Egypt’s publicly-traded satellite operator NileSat will be launching its fourth, Egypt's tenth, and Africa's 48th satellite, NileSat-301 sometime in May. According to Thales Alenia Space, the satellite manufacturer, Nilesat-301 has recently been placed inside its transport container and is now ready for departure. It will leave Cannes’ plant in the upcoming weeks, heading for Fos Sur Mer to take…
NileSat’s Net Profit Dropped by 22% in the First Nine Months of 2021
The Egyptian Satellite Company SAE, trading as EGSA.CA, has reported net profits of USD 20.3 million in the first nine months of 2021, a drop of 22% year-on-year (YoY) from USD 26.07 million.
The Egypt-based satellite radio and television broadcasting operator, NileSat, generated USD 86.66 million in revenue in January-September 2021. The amount is an 8.3% decline compared to the USD 93.89…
Eutelsat and Nilesat Renew Long-standing Partnership at the 7° West Orbital Position
Eutelsat Communications (Euronext Paris: ETL) and Nilesat, Egypt’s premier satellite operator, have agreed on partial renewal terms for Ku capacity at Eutelsat’s 7° West position, part of the 7/8° West video hotspot, for broadcast services across the Middle East. Furthermore, the multi-year, multi-transponder agreement represents the partial renewal of capacity by Nilesat at enhanced terms.…