Nilesat profit up 26%
August 14, 2015
By Chris Forrester
Cairo-based Nilesat saw net profits leap to $47.9 million (€42.9m) in the first half of this year ($38.1 million last year) to June 30t.
Nilesat, which shares its operational slot with Eutelsat, enjoyed net profits during Q1 of $21.1 million, compared with $17.7 million for 2014, a rise of 19.1 per cent.
While not stated by the company it is likely that the strength of the dollar – in which it does business – has helped the company’s profitability.
Nilesat is investing in what it describes as a ‘next generation’ operating system which will permit it to digitally multiplex up to 480 channels. Currently it handles far more via uplinks in Cairo, Dubai, Amman, Doha, Riyadh and Beirut. Back in March it stated it was serving viewers with 730 channels, and to an audience in excess of 60 million.