ČEZ half year profit slips to 15.7 billion crowns

Biggest Czech electricity producer ČEZ announced on Tuesday first half profit of 15.7 billion crowns, slightly down on the 19.3 billion crown figure announced during the same period in 2014. Weak electricity prices continued to take a toll although overall turnover during the first sixth months of the year firmed to 102.9 billion crowns. The company said it is closely following the pending sale of Swedish company Vattenfall’s assets in Germany, mostly coal fired power plants, and making preparations in line with the state strategy for at least two more nuclear reactors in the Czech Republic.

Author: Ruth Fraňková