Latest news for CEZ (OTC:CZAVF) Stock

CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The majority of its revenue is derived from the Generation segment.

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CZAVF

CEZ Posts Higher Q2 Net Profit

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CEZ AS

CEZ AS (OTC: <a class="ticker" href="/stock/czavf#OTC">CZAVF</a>) 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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CEZ AS (OTC: <a class="ticker" href="/stock/czavf#OTC">CZAVF</a>) 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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Latest news for CEZ (OTC:CZAVF) Stock

Friday, August 10, 2012