CEZ reports fall in profits, rise in revenues, in first three-quarters

10-11-2015

The Czech energy giant CEZ has reported a net profit of CZK 16.6 billion for the first nine months of this year, a fall of CZK 3 billion on the same period in 2014. Meanwhile, CEZ’s revenues increased by CZK 3.5 billion to CZK 150.6 billion in the first three quarters, according to a press release issued by the semi-state company on Tuesday. The main causes of the fall in profits were a drop in electricity prices and lower output.