ČEZ announces 11-percent rise in profits


The Czech energy giant ČEZ has announced profits of CZK 32 billion (over USD 800 million) in the first half of this year. Despite a rise of 11 percent in consolidated net profit, analysts said they had expected slightly better results. The head of ČEZ Martin Roman said he believed the company was still on target to make a profit of 50.2 billion crowns for the whole of 2009.