Ceske radiokomunikace should report its H1 consolidated IAS figures at the end of August, though the exact timing was not specified. Our projections reflect the expected full-year losses of the parent company and of the 50%-owned subsidiary Contactel (consolidated proportionally); equity earnings in associates reflect the contribution of the 39%-owned subsidiary RadioMobil, which is Ceske radiokomunikace’s most important asset (RadioMobil reported its H1 figures yesterday, and were slightly above our forecasts).
CZK 000 2002 H1e 2001 H1 change
Revenues 1,288 1,375 -6.3%
EBITDA 324 386 -16.0%
EBIT -274 -271 0.9%
Pre-tax income -244 -117 107.7%
Equity in earnings of associate 518 700 -26.0%
Net income incl. Associate co. 274 510 -46.2%
Jiri Soustruznik