Press releases pg. 49
Press information
Power company CEZ´s comments on yesterday introduced notion of minister Urban about common course of action of MUS and CEZ in the SeveroÄŤeskĂ© doly (North-Bohemian Mines) privatization.
25. 3. 2004
Main outcome of the extraordinary general meeting of SeveroÄŤeska energetika, a.s., (North Bohemian Power Company), member of the CEZ Group
Today´s special general meeting of the company SeveroÄŤeska Energetika, a.s., which was convened by the company board of directors by request of the majority shareholder Power Company CEZ, a. s., dealt with measures leading to an implementation of the approved outcome of the "Project REAS".
27. 2. 2004
The profit of CEZ increased by over 107 per cent and reached 13.9 billion CZK
The CEZ Power Company reached a net profit of 13 931 billion CZK last year, which was 7.2 billion CZK up on the year before, i.e. 107.5% (audited non-consolidated results in accordance with the Czech Accounting Standards). This result was mainly due to the single income from the sale of 66% equity in CEPS (a transmission network operator), when the difference between the sale price and the residual value amounted to 12.5 billion CZK. The operating profit of CEZ rose by 0.7 billion CZK, i. e. by 8.6 per cent. This increase was positively influenced by the 5.1 billion CZK rise of returns from electricity sales, which CEZ generated despite the 6 per cent fall of sale prices of electricity at home.