Press releases pg. 178
CEZ: A Ten Year´s Journey to the "Rainbow"
The Czech power provider CEZ is celebrating its tenth anniversary today. The company was established on 6 May 1992 by the Czech State Property Fund. It was one of the new entities emerging from the assets of Ceské energetické zavody (Czech Power Company). Its major focus became the production of electricity, which was then sold primarily to regional distribution companies.
6. 5. 2002
Economic results of the CEZ Power Company for the first quarter of 2002
In the first quarter of this year, the CEZ Power Company generated a net profit of 5.1 billion CZK, which translates into an increase by 1.8 billion CZK, i.e. by 55%, in comparison with the same period last year.
30. 4. 2002
CEZ PRESS announcement
CEZ Corporation regards today's decision of the Czech government to interlink regional distribution companies as beneficial for maintaining the position of the Czech power industry within the Central-European region.
11. 3. 2002
Last year CEZ made a profit of 6.3 billion CZK, which translates into a 10% increase compared to the previous year
CEZ made a net profit of 6.3 billion CZK in 2001, which is 0.6 billion more then it generated in 2000, i.e. the company managed to increase its profits by 10 per cent. The increase in profits is due to cost-effective measures, which resulted in reducing the overall costs by 2 billion CZK, thus making up for relatively smaller revenues generated by the sold electricity volume.