Advanced Television

Nilesat revenues further squeezed

February 14, 2022

By Chris Forrester

Nilesat revenue and profit numbers were released to the Cairo stock exchange on February 10th.

Nilesat (officially the Egyptian Satellite Co.) reported net profit of $30.754 million for the year to December 31st 2021. This was down from $34.159 million (€30.9m) for the previous year.

The numbers confirm the steady downward trend in the satellite operator’s quarterly and annual revenues. The company’s share price tumbled 10 percent in recent trading.

A new satellite, Nilesat 301, is being built and is scheduled for launch later in 2022

Categories: Articles, Broadband, Broadcast, Business, DTH/Satellite, Results, Satellite