Cairo – Mubasher: Egyptian Satellites Company (NileSat) registered $21.47 million in net profit from continuing operations during the first half (H1) of 2024, up year-on-year (YoY) from $19.30 million.
The revenues amounted to $50.80 million in H1-24, marking an annual drop from $51.19 million, according to the financial results.
Earnings per share (EPS) hit $0.58 in the first six months (6M) of 2024, higher than $0.52 in H1-23.
Total assets reached $653.48 million as of 30 June 2024, versus $660.88 million at the end of December 2023.
Income Results for Q2-24
In the second quarter (Q2) of 2024, NileSat achieved net profits valued at $15.09 million, compared to $11.82 million in Q2-23.
Revenues went down to $25.35 million in April-June 2024 from $25.60 million a year earlier.
In the January-March 2023 period, NileSat witnessed 14.66% YoY lower net profits after tax at $6.38 million, compared to $7.47 million.
