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ČEZ posts net profit totalling CZK 7.6bn for Q1 2015

ČEZ Group posted CZK 7.6bn in net profits for Q1 2015. The group’s EBITDA dropped 10% y/y to CZK 19.1bn, due to lower electricity prices. ČEZ predicts that the full-year EBITDA in 2015 will reach CZK 70bn and net profit adjusted for extraordinary factors will total CZK 27bn. ČEZ’s general director Daniel Beneš has stated that the company has also decided to raise the dividend payment ratio. According to Mr. Beneš, ČEZ generates higher cash/profit ratio, with limited potential of attractive development opportunities in energetics. The proposed dividend amounts to CZK 40 per share. The proposal will be discussed by the general meeting scheduled for June 12. Totally CZK 21.4bn should be divided from the profits generated in 2014.

Source: www.cianews.cz

 
 
 
 
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