Latest news with #NileSat
Zawya
16-04-2025
- Business
- Zawya
Egypt: NileSat unveils $0.55/share dividends for 2024
Arab Finance: Egyptian Satellites (NileSat) unveiled cash dividends valued at $0.550 to shareholders for 2024, as per a bourse filing. NileSat will disburse the dividends on May 8th,2025. The company generated net profits worth $57.681 million in 2024, higher by 31.83% year-on-year (YoY) than $43.754 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
CairoScene
24-02-2025
- Business
- CairoScene
NileSat's 2024 Profits Surge To Nearly 32% Year-End at USD 57.7M
Egypt's NileSat posts a 31.83% profit surge in 2024, hitting $57.7M, as revenue remains steady. Feb 24, 2025 Egyptian Satellites Co SAE - Nilesat closed 2024 with net profits reaching USD 57.7 million, a 31.83% year-on-year increase. The satellite operator saw its profits climb steadily throughout 2024, with a 26.77% increase in the first nine months alone, bringing post-tax earnings to USD 40.7 million. This comes in spite of a slight dip in total operating revenue, the money NileSat earned from its core business, which reached USD 101.1 million in 2024, down from USD 101.8 million in 2023. Founded in 1996, NileSat plays a key role in Egypt's satellite communications, providing radio and TV broadcasting services across the region.e
Zawya
20-02-2025
- Business
- Zawya
Egypt: NileSat's profits jump 32% YoY in 2024
Egyptian Satellites (NileSat) generated net profits worth $57.681 million in 2024, up 31.83% year-on-year (YoY) from $43.754 million, according to a bourse statement. Total operating revenue amounted to $101.140 million at the end of December 2024, compared to $101.824 million in 2023. In the first nine months of 2024, the company witnessed 26.77% YoY higher net profits after tax at $40.661 million, compared to $32.074 million. NileSat is an Egypt-based public shareholding company that offers services related to satellite radio and television broadcasting, in addition to broadband internet. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Egypt Today
26-01-2025
- Business
- Egypt Today
Minister Counsellor of Lithuania's Embassy in Cairo Visits EMPC to Enhance Cultural Cooperation
EMPC Hosts Minister Counsellor of Lithuania's Embassy in Cairo to Foster Cultural Ties with the Baltic States The Egyptian Media Production City, EMPC, recently hosted a high-level delegation led by the Minister Counsellor of the Embassy of Lithuania in Cairo, Eirimas Pakalnis, accompanied by a team from the production company Digital Lenses Production. The delegation included Qadri Qalaji Jihad, Agni Paulikova, Vytautas Pauliukevičius, and Mai Ghaly. The management of EMPC expressed enthusiasm for collaborating with international companies and affirmed its readiness to provide all necessary resources to support and execute joint media projects across various fields. From his side, Pakalnis highlighted the strong historical ties between Egypt and the Baltic States, describing the visit as a significant step toward fostering deeper cultural and artistic cooperation between the two regions. The visit aimed to explore avenues for collaboration between Egypt and the Baltic States and to strengthen the partnership between Digital Lenses Production and the Egyptian Media Production City, represented by the Egypt Film Commission. Discussions focused on enhancing cultural and media relations and evaluating the potential for joint filmmaking projects. During the meeting, participants engaged in productive discussions about opportunities for cooperation in filmmaking and television production, as well as the exchange of expertise in various aspects of artistic production. Both sides underscored the importance of strengthening media coordination between Egypt and the Baltic States to promote cultural dialogue and shared creative endeavors. This visit marks a significant milestone in building bridges between the two regions and paves the way for joint initiatives in media and culture. EFC Egypt Film Commission (EFC) is the only authorized party in charge of obtaining permits & approvals for foreign production companies filming in Egypt. EFC is a subsidiary of EMPC which is the biggest media and production hub across the Arab region, the Middle East, and Africa. It is 10 kilometers from the Giza Pyramids plateau and spans some 2 million square meters. EMPC EMPC is the biggest media and production hub in the Arab region, Middle East and Africa. It is located 10 Kms away from the Giza Pyramids plateau and stretches over 2 million sqm in addition to one more million sqm located within the Media Free Zone. EMPC includes state-of-the-art studios with various surface areas, administrative and technical headquarters for Egyptian and Multi-national companies. It also includes multiple backlots areas, a complex for production and technical services and more than 30 Egyptian and Arab satellite and radio channels that broadcast their content via the Egyptian satellite Nile Sat. These services contribute to providing Arab and foreign production companies, that would like to shoot in Egypt, with the required facilities and amenities.
