Egyptian Satellites Co. (Nilesat) board approved the company's financial statements for H1-14, which showed a rise by 60.7% in net profit to $38.1 million, compared with $23.7 million in the year-ago period.
Nilesat had reported a net profit of $ 17.7 million for the Q1-14, compared to $ 7.8 million in the same period a year earlier.
The company’s financial results for FY13 had shown $46.56 million net profit, with 43.93% growth year-over-year from $46.56 million.