Egyptian Satellites Q3 profits down 9%

Cairo - Mubasher: Egyptian Satellites Company's profits fell 9% year-on-year to $18.5 million in the third quarter of 2016 from to $20.1 million.

The company's profits decreased 14% to $58.5 million in the first nine months of 2016 from $68.1 million in the prior-year period, according to a bourse filing on Monday.

The stock shed 0.67% to EGP 8.95 at the end of Sunday's session.

Mubasher Contribution Time: 14-Nov-2016 16:26 (GMT)
Mubasher Last Update Time: 14-Nov-2016 16:26 (GMT)