Cairo - Mubasher: The Egyptian Satellites Co (NileSat) achieved net profits of $18.19 million in the first half (H1) of 2021, down by 7% year-on-year (YoY) from $19.56 million.
NileSat's revenues declined to $59.49 million in the January-June period, compared to $63.78 million in the prior-year period, according to a bourse disclosure on Tuesday.
During the first quarter (Q1) of 2021, the company logged net profits of $15.31 million, up from $10.8 million in Q1-20.
The revenues fell to $30.95 million in the January-March period from $32.36 million in the corresponding period a year earlier.
