Unipetrol released its Q1 consolidated results yesterday, which were somewhat below our forecasts.
The main subsidiaries had already reported their Q1 figures; while most were in line, Ceska rafinerska released surprisingly excellent results due to stronger refinery margins.
CZK mil. QI 2003 QI 2002 %change
Revenues 16,918 16,176 5%
EBITDA 1,854 -305 -709%
EBIT 819 -1,312 -162%
Pre-tax Income 481 -343 -240%
Minority Interest -48 -288 -83%
Net income 468 -195 -339%
EPS (CZK) 2.57 -1.07 -339%
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