The net profit was given a RON150 million boost by the recovery of a RON314 million total debt from Romanian rail company CFR, the company’s CFO Karel Kral told a news conference.
“CFR’s debt was RON314 million and the impact on the net profit of RON150 million,” Kral said.
Excluding the receivable component, CEZ’s net profit in Romania rose 10% year-on-year in 2012.
The Czech utility said total sales in Romania rose to RON1.9 billion in 2012, from RON1.7 billion in the previous year.
“The distribution segment saw a slight decline in 2012, which is expected to continue into 2013,” Kral said.
CEZ Group companies in Romania had a total of 618 MW of installed capacity at the end of 2012. (EUR1=RON4.4463)