Ceske radiokomunikace informed on Friday its non-consolidated IAS EBIT estimate for 2002 is CZK -260 mil. (2001 EBIT reached CZK 30 mil.) as a result of competition pressure in the industry. Capex should fall from CZK 1,764 mil. in 2001 to CZK 825 mil. in 2002.
Although the profitability prediction is not really encouraging, the stock did not react on non-consolidated projections.
(Jiri Soustruznik)