Press releases pg. 154
International economic results of CEZ Group January - September 2004
The net profit of CEZ Group increased by 67 per cent
26. 11. 2004
CEZ Power Company would not like to sell its share in Severoceska energetika
CEZ´s attorneys, on behalf of CEZ Power Company, have lately filed for a change of a precedent decision of the UOHS (Office for the Protection of competition), which had decreed that CEZ, apart from other things, should sell a majority share in one of Czech distributional firms of the CEZ Group. CEZ has decided that the possibly sold company would be Severoceska energetika (SCE), where CEZ owns 56.93 %.
25. 11. 2004
The Bulgarian government has approved a sale of three distributional companies to CEZ Power Company today
The Bulgarian government has approved a privatization draft agreement for a sale of 67 per cent of shares in distributional companies in the Sophia and Pleven areas and in the city of Sophia. Under the Bulgarian government decision the agreements must be signed by both sides within ten days.
12. 11. 2004
The operating revenues of CEZ have increased by 2 billion CZK and have reached 8.4 billion CZK.
The operating revenues of CEZ Power Company increased by 32.2 per cent to 8.4 billion CZK in the first three quarters of this year. The electricity sale incomes increased by 6.6 billion CZK (by 17.6%) and reached 44.2 billion CZK. The economic results of last year were influenced by the single and unrepeatable income from the sale of 66 % share in CEPS, which has been only partly offset by this year´s sales of 34 % shares in CEPS and Prazska energetika. As a result the net profit has decreased by 27.3 % to 9.9 billion CZK compared to last year. If we excluded this influence, the net profit would be higher than last year.