Ceske radiokomunikace reported its Q1 CAS unconsolidated results yesterday. While we expected an EBIT of CZK 34 mil, the company posted a loss of CZK 13 mil., a decrease in data-transmission revenues being the main reason for the difference. Pre-tax profit amounted to CZK 9 mil. The figures have little relevance since they do not include the results of the cellular operator RadioMobil (39% owned by Ceske radiokomunikace), or fixed-line operator Contactel (50% owned by Ceske radiokomunikace).
(Jiri Soustruznik)