Cairo – Mubasher: Egyptian Satellites Co (NileSat) posted a decrease of 12.9% in profits during the first quarter of 2019 compared to the same period a year ago.
NileSat’s profit shrank to $11.38 million in Q1-19 from $13.07 million in Q1-18.
Revenues decreased to $32.86 million in Q1-19 from $36.40 million in Q1-18, according to a bourse disclosure on Monday.
