ArabFinance: Egyptian Satellites (NileSat) (EGSA) posts a net profit of $18.19 million for the first half (H1) of 2021, down from $19.56 million in the year-ago period, according to the company’s financial statements.

The company’s operating revenues amounted to $59.49 million during the six-month period ended June 30^th, compared to $63.78 million in H1 2020.

NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to the broadband internet. The company has a booking center that provides a range of services including satellite newsgathering as well as feed and turnaround services, in addition to a training center.

At press time, the conversion rate is $1 = EGP 15.70