Cairo – Mubasher: The net profits of the Egyptian Satellites Co (NileSat) slid by 19.8% year-on-year (YoY) to $34.15 million in 2020, compared to $42.53 million, the unaudited financial results showed.
The company generated $125.1 million in revenue last year, down from $130.71 million in 2019, according to a bourse disclosure on Thursday.
During the first nine months of 2020, NileSat achieved net profits of $26.07 million, compared to EGP $35.04 million in the corresponding period a year earlier.
