CRa posted better-than-expected unconsolidated CAS figures, and also achieved a y-o-y improvement in all main P&L items:
CZK mil. HI 2003 HI 2002 % change
Revenues 1,171 1,082 8.2%
EBITDA 634 487 30.3%
EBIT 25 -138 -118.2%
Pretax Income 70 -105 -166.7%
The unconsolidated figures are of little importance for the stock, however, as they do not reflect the results of T-Mobile CR (the No. 2 domestic mobile operator, 39% owned by CRa; it forms more than 90% of CRa’s value, we estimate).
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