Nilesat reports record profit
May 12, 2016
By Chris Forrester
Cairo-based Nilesat reported a 23.9 per cent improvement in its profits for 2015, at $91.5 million (previous numbers were $73.8 million for 2014, and $46.6 million for 2013).
Nilesat’s chairman Ahmed Anis, in a statement issued May 11th, said the company had retained its competitive position over the past year.
Nilesat was formed in 1996 and quickly established itself as a leading supplier of digital TV over the Middle East. Lately it has benefitted from the co-location of Eutelsat satellites, and growing demand for capacity.