Cesky Mobil announced results for 2003

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Investiční bankovnictví KB

      The youngest mobile operator Cesky Mobil announced financial results for 2003. It reached an operating profit for the first time in its history. Revenues increased almost by one half to CZK 10.8bn. Operating profit reached CZK 252m compared to a loss of CZK 1.5bn in 2002. Cesky Mobil had 1.55m clients by the end of 2003. The structure of the company’s client base is also favorable with the post-paid segment accounting for 42% up from 36% in 2002. It had positive impact on ARPU, which rose by 15.6% to CZK 644.

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