Cesky Telecom CFO J. Sedivy reiterated yesterday that the company has sufficient resources to pay out as much as CZK 6.6bn as dividends this year, which would imply a gross dividend of CZK 20.5 per share (CTK). He also said that the final decision on the dividends will be made at the June AGM. Note that the last CT AGM approved a POR of 50-70% for 2004 and 2005. Applying the ratio to the adjusted 2003 net profit of CZK 5bn, it would indicate a gross dividend of CZK 8-11 per share.
Jitka Oppitzová, Patria Finance