2023: Czech power company CEZ reports 29.6bn CZK ($1.27bn) net profit, down 63% from 2022 due to windfall tax on profits.
Czech power company CEZ reported a net profit of 29.6bn Czech crowns ($1.27bn) in 2023, down 63% from the previous year's record profits. The decline is attributed to a windfall tax on profits introduced with the surge in energy prices. Despite the tax, CEZ achieved the highest profit in the last 10 years, excluding 2022, due to additional gains from commodity trading and reliable nuclear power plant production.
March 21, 2024
7 Articles