Press releases pg. 21
CEZ will gain heat distribution in the north of Bohemia
CEZ Power Company and Czech Energy Holding, a.s. (CEH), controlled by one of the founders and partners of J&T financial group, Patrik Tkac, agreed on a plan to carry out a transaction, which will result in integration of operation units of United Energy, a.s. ? controlled by CEH supplying heat to the localities of Chomutov, Teplice, Klasterec nad Ohri, Kadan and Bilina ? into CEZ Group, a.s., during the very year 2006.
19. 5. 2006
Net profit of CEZ (consolidated) in the first quarter of this year increased by 39 per cent to 10.4bn CZK
CEZ Power Company reached net profit of 10,371bn CZK in the first quarter of the year, which was a year-on-year increase of 39 per cent. Operating profit of CEZ Group was 14,816m CZK. The growth was mainly influenced by an increase in trade margin, higher sales, a significant improvement in the economic performance of Bulgarian distribution companies of CEZ Group and enlargement of the Group by the Romanian distribution company Electrica Oltenia. While revenues rose, the company managed to keep its costs under control and they grew at a lower pace.
18. 5. 2006
Dvur Kralove heating plant will remain in CEZ Group
The Board of Directors of CEZ Power Company decided to revoke the tender for the sale of Dvur Kralove heating plant and to terminate its sale.
17. 5. 2006
The proposed amount of CEZ´s dividend: 15 CZK
Yesterday´s meeting of the Board of CEZ Power Company decided on a proposal for the amount of a dividend from the last year´s profit (non-consolidated), which is going to be submitted to the general meeting on 23rd May 2006. The Board is going to propose a gross dividend in the amount of 15 CZK per share (nominal value 100 CZK).