Cairo – Mubasher: The Egyptian Satellites Co (NileSat) registered a 25.6% year-on-year (YoY) drop in its net profits, logging $26.07 million in the first nine months of 2020, compared to EGP $35.04 million.
The company’s revenues declined to $93.85 million in the January-September period from $98.48 million in the year-ago period, according to a bourse disclosure on Wednesday.
During the first six months of the year, NileSat achieved net profits of $19.56 million, down from $23.81 million in the same period in 2019.
