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Nilesat shareholders to discuss financials, dividend plan April 30

Nilesat shareholders to discuss financials, dividend plan April 30
Nilesat
EGSA
0.43% 6.96 0.03
The board of Egyptian Satellite Co. (Nilesat) invited shareholders to attend an ordinary general meeting on Wednesday, April 30, 2014.
Shareholders will look into ratifying the board and auditors’ reports, as well as financial statements and dividend plan for the fiscal year that ended on December 31, 2013.
The company’s FY13 financial results showed that net profit rose 43.93% to $46.56 million, compared with $32.35 million a year earlier. FY13 revenues also rose 9.09% to $180.91 million, from $165.84 million in FY12. Earnings per share (EPS) amounted to $1.10, compared with $0.77 in FY12. The company’s financial results for the first nine months of FY13 had shown $36.570 million net profit, with 34% growth year-over-year from $27.303 million.