Ceske radio released its 1H2004 consolidated results according to IFRS yesterday. Revenues fell by 3.9% y/y to CZK 1,081m. Net income stood at CZK 823m, which is 2.5% lower compared with 1H03. Note that The Prague Stock Exchange (PSE) decided to exclude Cra from the SPAD system as of 23 September. Also, Cra will hold an EGM on 15 October upon request of its majority owner Bivideon (which holds 94.2%). The agenda includes share buy-back and the de-listing of Cra's shares.
Tomáš Gatěk, Patria Finance