Press releases pg. 27
New appearance of the ČEZ Supervisory Board
General Meeting of ČEZ, the power company, exchanged members of the Supervisory Board at its meeting today.
22. 11. 2010
CEZ Group generated profit valued at CZK 40.2 billion for three quarters of the year
Net profit of the energy CEZ Group generated for three quarters of this year has dropped on a year-on-year basis as expected. The drop by CZK 7.1 billion to CZK 40.2 billion is however deeper than analysts expected. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached CZK 67.2 billion, which means a year-on-year decrease by 5.4%. Even in this case, the actual results surpass the analysts’ expectations.
9. 11. 2010
ČEZ Group achieves a midyear profit of 28.7 billion crowns
The net profit of the energy ČEZ Group in the first half year fell year-on-year by 6.5 billion CZK to 28.7 billion CZK. Its EBITDA fell by 4.6 billion CZK. The fall in electricity prices was the main impact.
10. 8. 2010
ČEZ draws attention to the suspicion of TES Praha being an intentional or unintentional party to tax evasion.
This year in May the company ČEZ drew the revenue office’s attention in writing to its suspicion that the company TES Praha, a.s. could have become an intentional or unintentional party to so-called carousel transactions resulting VAT evasion. In April ČEZ, when these transactions began intensively, it began to suspect that this trader may be breaking the law. Therefore it submitted all source documents to the revenue office. ČEZ also stopped trading with emission tickets and with other companies which used a similar trading model as TES Praha a.s. Standard trading with other reputable partners continues.