Press releases pg. 146
The net profit of CEZ (non-consolidated) in the first half of this year more than doubled to 10.9 billion CZK
CEZ Power Company reached a net profit of 10,896 billion CZK in the first half of the year, which was a year-on-year increase of 111 per cent. Besides improving operation results, the increase in profit was mainly influenced by dividend acceptance from daughter companies amounting roughly 4 billion CZK. The trend of growing economic results of CEZ and the Group continues this year as well. The operating profit was 10.931 million CZK and was 58 percent up on last year. The company managed to reduce its costs by over 1.3 billion CZK while incomes increased by 2.7 billion CZK.
1. 8. 2005
CEZ is the largest firm of the new EU member countries according to market capitalization, and is on the third place in Central Europe
Yesterday record stock price (535.30 CZK) moved CEZ to the third place in listed companies by market capitalization in Central Europe (Czech Republic, Poland, Slovakia, Hungary, Austria). Due to the market capitalization of 10.5 billion EUR, CEZ also gained number one position among the companies whose stocks are traded on the Prague security exchange.
28. 7. 2005
CEZ is ready to submit to the government an offer for a purchase of 55 per cent share in Severoceske doly and so increase its 37 per cent share in the company
CEZ welcomes the decision of the government because it is important for CEZ to gain the majority in Severoceske doly, where it now owns over 37 per cent.
13. 7. 2005
After Severoceske doly CEZ completed a contract with Mostecka uhelna as well
CEZ Power Company has today completed a contract about coal supply with Mostecka uhelna spolecnost (MUS). The contract is variant based on if/how the territorial mining limits will be rationally revalued. The contract can thus be valid for roughly 50 years. The aim of this contract is to provide supplies for at least one brand new power unit in Pocerady and for the complex renewal of three present units in the same place.