Yahsat, a government-backed telecommunications company, has secured recent contracts that ensure a steady stream of revenue in the future. These contracts have solidified the company’s revenue forecasts and have positioned it for continued growth.
Yahsat’s mobility solutions arm, Thuraya, played a significant role in contributing to the company’s revenue. Thuraya experienced a remarkable revenue growth of 22% during the nine-month period. In the months of July to September, Thuraya’s revenue increased by 81% year-on-year.
As a result of these achievements, Yahsat reported a net profit of Dh274 million, which is in line with the previous year’s performance. This shows the company’s ability to maintain its profitability even in challenging market conditions.
Yahsat’s success can be attributed to its strong position in the telecommunications industry, particularly in providing satellite-based services. The company has established itself as a reliable and innovative provider of connectivity solutions.
In addition to its core services, Yahsat has been expanding its portfolio of offerings. It has invested in the development of advanced satellite technologies and has entered into strategic partnerships to expand its reach in new markets.
The recent government contracts obtained by Yahsat have further strengthened its position as a key player in the industry. These contracts not only provide stability in terms of revenue but also validate the company’s capabilities and expertise.
Looking ahead, Yahsat is well-positioned to capitalize on the growing demand for reliable and high-speed connectivity. With its strong financial performance and strategic initiatives, the company is poised for continued success in the telecommunications market.
In conclusion, Yahsat’s recent contracts from the government have solidified its future revenue forecasts. The company’s mobility solutions arm, Thuraya, has experienced significant revenue growth, contributing to Yahsat’s overall profitability. With its strong position in the industry and strategic investments, Yahsat is well-equipped to meet the demands of the ever-evolving telecommunications market.