Press releases pg. 24
Preliminary consolidated, non-audited economic results of CEZ Group for 2005: CEZ Group´s net income amounted to 22.3bn CZK and was 56 % up on the previous year
CEZ Group reached net income of 22.3bn CZK according to the International Financial Reporting Standards, which represented a year-on-year increase of 8bn CZK. The net income increase was affected by the enlargement of the Group by 4 distribution companies in South-Eastern Europe together with improved performance in operations. Single influences connected with acquisitions developed as well, for example, a positive influence of including the negative goodwill of Romanian Oltenia, and increased net income by 2.6bn CZK.
21. 3. 2006
Zdened Pasak is filling the position of the staff manager in a newly established division CEZ personalitika
Human Resources CEZ, a newly established division, will cover all personal processes within the whole CEZ Group including internal communication, and will also support inland and foreign daughter companies. Zdenek Pasak will take up his function from March 15 2006.
20. 3. 2006
CEZ continues in the tender for the Macedonian distribution company AD ESM
CEZ Power Company has today submitted a binding offer for the majority share in the company AD ESM. The tender for a 90% share in the only Macedonian power distributor was announced at the end of last year. CEZ entered the tender for the distribution company in December 2005, and was short-listed, together with other three parties interested, at the turn of the year.
15. 3. 2006
Net profit of CEZ (non-consolidated) for 2005 amounted to17.6bn CZK and was over 7bn CZK up on the previous year
CEZ Power Company reached operating profit of almost 20n CZK, precisely 19,609bn CZK, last year, which represented a year-on-year increase of 70 per cent. The increase in net profit was a result of very good operating performance and a positive development in the financial management. Company´s revenues rose by 5.4bn CZK, operating costs fell by over 1.3bn CZK.