Unipetrol - consolidated half-year results according to IAS

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Investiční bankovnictví KB

      Unipetrol announced consolidated results for 1H03 according to IAS. Revenues increased from CZK 29.1bn to CZK 32.0bn. An improvement was recorded at operating level, operating profit almost doubled from CZK 580m to CZK 1.1bn. On the contrary, net profit went down from CZK 630m to CZK 495m.

       The market does not follow the results according to IAS, as they are presented less frequently than the CAS figures. Neutral.

      

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