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Czech power company CEZ reports 1st half of year net profit of $1 billion, 34% down year-on-year

Por: ABC News Business August 10, 2023

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PRAGUE -- The Czech power utility CEZ said on Thursday its net profit in the first half of 2023 reached 22.3 billion Czech crowns ($1 billion), down from 33.6 billion in the same period a year ago.The country’s main electricity producer said it attributed the 34% decline to a windfall tax on profits introduced as prices for energy soared.The Czech state, which has an almost 70% stake in the company, will receive up to 120 billion Czech crowns... + full article



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