The Egyptian Satellite Company Nilesat reported unaudited earnings results for the first quarter ended March 2020. The company’s net profit of $10.8 million in the first quarter of 2020, down by 5% from $11.38 million in the year-ago period. Revenues declined to $32.36 million in the January to March period, compared to $32.86 million in the same period in 2019.