Homepage > Regional News > Other countries > CEZ Turns to Negative Q1 EBITDA from Power Distribution, Sales in Albania
  • Smanji veličinu slova
  • Normalna veličina slova
  • Povećaj veličinu slova

CEZ Turns to Negative Q1 EBITDA from Power Distribution, Sales in Albania


10.5.2012 16:53:00 | Author/Source www.seenews.com

Czech energy group CEZ said on Thursday it turned to negative earnings before interest, taxes, depreciation and amortisation (EBITDA) of 1.9 billion Czech crowns ($97.5 million/75.4 million euro) from power distribution and sales operations in Albania in the first quarter of 2012 from a breakeven a year earlier.

The group's performance on the power distribution and sales segment in Albania was influenced by the decision of the country's regulator to increase by 90% the price of electricity purchased from state-owned power producer KESH, combined with a loss of margin on sales to largest customers as they have been legally classified as eligible customers, CEZ said in its quarterly report.


more

Related news:
16.4.2013 RZB Group posts solid results once again
(Author/Source Limun.hr)
11.4.2013 RBI holds Investor Presentation in London
(Author/Source Limun.hr)
25.3.2013 Albania’s Durres sea port Jan-Feb cargo traffic rises 3.0%
(Author/Source www.seenews.com)
19.3.2013 Albania invites bids for upgrade of several road sections
(Author/Source www.seenews.com)
19.3.2013 CEZ Bulgaria investing in power grid upgrades in March
(Author/Source www.seenews.com)

Other countries:
17.5.2013 Bucharest stock indices turn red as turnover soars
(Author/Source www.seenews.com)
17.5.2013 TAP secures third-party access exemption for 10 bcm initial capacity
(Author/Source www.seenews.com)
17.5.2013 Bulgarian stock indices end lower, turnover shrinks
(Author/Source www.seenews.com)
17.5.2013 Marks & Spencer opens fourth store in Bulgaria
(Author/Source www.seenews.com)
17.5.2013 Romanian leu ends little changed vs euro
(Author/Source www.seenews.com)