Egyptian Satellites Co (NileSat) announced unaudited earnings results for the period ended 31 December 2019. For the year, the company posted a 20.45% year-on-year profit retreat during 2019, pressured by lower revenues. NileSat logged a net profit of $42.53 million last year, down from $53.46 million in 2018. Revenues fell to $130.71 million in the twelve-month period ended 31 December 2019, compared to $145.12 million a year earlier.