Cairo - Mubasher: Egyptian Satellites Company posted a 12% decline in profits during the second quarter of 2016, to EGP 209 million ($23.6 million) from EGP 237.4 million ($26.8 million) in the same period last year.
In the first half of the 2016, profits also decreased 16.5% year-on-year to EGP 355 million ($40 million) according to the company’s statement to the Egyptian Stock Exchange (EGX) on Thursday.
