NileSat’s board proposes dividends payment for 2021
Updated 3/2/2022 3:14:00 PM
ArabFinance: The board of directors of Egyptian Satellites (NileSat) (EGSA) has proposed cash dividend distribution of $0.40 per share for the full-year ended December 31st 2021, according to a statement filed to the Egyptian Exchange (EGX).
It is worth noting that the company previously reported a 9.97% drop in net profit after tax for 2021, recording $30.75 million, as compared to $34.15 million in 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.
