CEZ Posts Higher Q2 Net Profit
CEZ AS (OTC: CZAVF) posted a rise in its net profit for the second quarter.
CEZ's quarterly net profit surged to 12.8 billion Czech koruna ($626.8 million), from CZK6.73 billion, in the year-ago period. However, analysts were expecting a net profit of CZK7.83 billion.
Its revenue climbed 12% to CZK52.2 billion, from CZK46.75 billion. However, analysts were expecting revenue of CZK50.73 billion.
CEZ shares closed at $35.80 yesterday.
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