Egyptian Satellite (NileSat) has reported its financial results posting a net profit of $46.56 million in 2013, up 43.9 per cent. Nilesat, which is also carrying a record number of channels, reported net profit of $32.35 million for 2012.
Revenues for last year rose 9.09 per cent to another record of $180.91 million, up from $165.84 million in 2012.
Nilesat operates two satellites from 7 deg West (Nilesat 102 and 202) but is also involved in a joint-venture with Eutelsat at the adjacent 8 deg West position.
Nilesat is also preparing a market study, along with tender invitations for the launch of a new satellite, Nilesat 202 to replace Nilesat 102 which was launched in September 2000 with a 15-year life.