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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Fio Banka

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Cez as Expects 8% Drop in Net Income for FY 2013; Issues Guidance Under Analysts' Estimates-Reuters

Thursday, 28 Feb 2013 02:36am EST 

Reuters reported that Cez as expects to report drop by 8% in net income for the 2013 fiscal year which is to be equal to CZK 37 billion according to drop of energy prices, lower domestic production and higher write-offs. In the 2012 fiscal year, the Company's net income decreased by 1.5% year-on-year and amounted to CZK 40.2 billion and was in line with the forecasts. According to I/B/E/S Estimates, the Company is going to report net income of CZK 40.696 billion in the 2013 fiscal year. 

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