PRAGUE May 30 Profit at financial group PPF,
owned by the Czech Republic's richest man Petr Kellner, dropped
to 450 million euros in 2013 from 727 million in the previous
year when the result included proceeds from a major divestment,
the company said on Friday.
PPF acquired a 65.9 percent stake in the Czech subsidiary of
Spain's Telefonica in January and many analysts say it
may try to de-list the shares from the Prague stock exchange.
Revenue at PPF increased by 25 percent to 6.3 billion euros
($8.58 billion) last year, while the value of its assets
decreased by 3 percent to 20.9 billion euros, the group said.
($1 = 0.7345 Euros)
(Reporting by Robert Muller; editing by Tom Pfeiffer)