- Economy is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on!

O2 CR raised profits, plans stock buyout worth CZK 8bn

O2 Czech Republic posted net profit totalling CZK 3.72bn for the first nine months of 2015, up 49% y/y. EBITDA grew 29.4% to CZK 7.51bn. Operating profit reached CZK 27.70bn. Mobile customer base totalled 4.91 million (down 2.8%). The company predicts full-year EBITDA will reach up to CZK 10.2bn and consolidated net profit will total CZK 4.85-5.2bn. Profit per share is estimated at CZK 15.5-16.8. O2 CR intends to pay 90-110% of its net profits within its dividend policy. Mobile data, O2 TV and O2 Slovakia remain the key growth segments. O2 CR’s CFO Tomáš Kouøil says that the firm plans to launch the buyout of own stock from January 2016. O2 CR plans to buy out up to 10% of its common stock or stock worth up to CZK 8bn.