Wednesday, May 31 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of May 29
Week of May 22
Week of May 15
Week of May 08
Week of May 01
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Czech power company CEZ reports eightfold profits increase

    March 21, 2023 - Associated Press


      PRAGUE (AP) — The Czech power utility CEZ said on Tuesday its 2022 net profit reached 80.7 billion Czech crowns ($3.6 billion), eight times as much as the previous year, resulting in record dividends.

      The country's main electricity producer said it attributed the massive increase to an “enormous rise in prices” caused by the Russian invasion of Ukraine, and to higher profit from commodity trading on foreign markets and also high operational reliability in its power plants.

      Net profit in 2021 was 9.9 billion crowns.

      The Czech state, which has an almost 70% stake in the company, will receive in 2023 more than 100 billion Czech crowns from CEZ in dividends, income taxes and levies on production sales, including a windfall tax on profits introduced as prices for energy soared.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.