CEZ Group´s Net Income Exceeds Expectations by CZK 1.6 billion
(World News Cezch Republic)

CEZ Group reports 2016 net income of CZK 14.6 billion. Adjusted for extraordinary effects generally unrelated to the year`s ordinary financial performance, its net income was CZK 19.6 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were CZK 58.1 billion (a decrease of CZK 7 billion year-on-year, of which CZK 6.1 billion was due to decreased realization prices of generated electricity). The proposed dividend for 2016 is CZK 33 per share. `In spite of a decrease in electricity generation at nuclear power plants, we managed to increase the total amount...