CEZ expects stagnation of operating profit

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Investiční bankovnictví KB

      The company announced in its annual report it expects slight increase of revenues and stagnation of operating profit. In 2003, CEZ reached revenues of CZK 53.6bn and operating profit of CZK 8.6bn. The financial results could also be influenced by sale of stakes in CEPS and Prazska Energetika the company has to sell according to Antimonopoly Office’s decision.

       These are expectations of the unconsolidated results only for the generation part. The announcement is in line with the expectations. Revenues should improve despite the expected decline in electricity generation due to higher prices on both domestic and export markets.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.