Press releases pg. 139
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.
2. 3. 2006
Today CEZ Group has opened officially sales agency in Slovakia
CEZ Group has today officially opened its sales agency in Bratislava to support its activities in Slovakia. The Slovak agency will extend the trade network of CEZ Group, which, next to the Czech Republic and Slovakia, covers also Germany, Poland, Bulgaria and Romania. In the close future CEZ Group is going to open its sales agencies in Hungary and Austria as well.
8. 2. 2006
CEZ Power Company paid another 15.5m EUR for Electrica Oltenia to the Romanian government
The economic health of CEZ Group's Electrica Oltenia is much better according to the post-acquisition audit. Net assets have increased by 107m RON (ca 29m EUR) after the economic audit for 2004 and the first nine months of 2005. Therefore CEZ is going to pay 15.5m EUR more for Electrica Oltenia, which represent a 51 % increase in net assets and correspond to the majority share of CEZ in Oltenia.