Czech power company says its net profit reached $1.32 billion in 2024
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 13/03/2025 (561 days ago), so information in it may no longer be current.
PRAGUE (AP) — The Czech power company CEZ said Thursday its 2024 net profit reached 30.5 billion Czech koruna, or crowns, ($1.32 billion), up from 29.6 billion koruna the previous year and higher than the company expected.
CEZ previously said it expected net profit for the full year to total 26 billion to 30 billion Czech crowns.
“Our performance exceeded expectation,” CEZ chief executive Daniel Beneš said.
The Czech state has an almost 70% stake in the company.
CEZ said it expects the dividends between 35 and to 47 Czech crowns per share.
CEZ’s 2023 net was down more than 63% from the previous year, which saw record profits.
In 2022, the company’s profit soared on an enormous rise in prices caused by the Russian invasion of Ukraine, higher profits from commodity trading on foreign markets and high operational reliability in its power plants.