NileSat, Egypt’s leading satellite services provider, reported net profits of $57.681 million for 2024, marking a 31.83% year-on-year (YoY) increase from $43.754 million, according to a statement released on the bourse.
The company’s total operating revenue for 2024 stood at $101.140 million, slightly down from $101.824 million in 2023. Over the first nine months of 2024, NileSat experienced a 26.77% YoY growth in net profits after tax, reaching $40.661 million, compared to $32.074 million during the same period in 2023.
NileSat, a public shareholding company based in Egypt, provides satellite radio and television broadcasting services, as well as broadband internet offerings.
