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Czech Republic: Extraordinary Income Boosts CEZ Results
Politics ♦
Published: May 8, 2013; 09:33 ♦ (Vindobona)
Increase in net profits by 24 % results from revenues from the certificates and integrations.
Czech Republic: Extraordinary Income Boosts CEZ Results / Picture: © CEZ
Czech Power Supplier CEZ, which is state-owned by two thirds, has gained net profits in the amount of CZK 17.9bn (€ 697m) in the first quarter of 2013 which is an increase 24 % on a y/y comparison basis. On Tuesday, CEZ announced that proceeds decreased by 1 % down to CZK 60bn.
Reasons for the increase in profits are extraordinary income from the business with emission…
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