The stock price did not react because Unipetrol’s main subsidiaries had reported their H1 results last week, which we saw as neutral.
(in CZK mil.) H2 2002 H1 2001 Change
Sales 35,848 37,755 -5.0%
EBITDA 1,668 4,094 -59.3%
EBIT -423 2,441 -117.3%
Pretax profit -486 1,776 -127.4%
Net Income -358 1,575 -122.7%
Net Income net
of min. interest -10 1,419 -100.7%
Jiri Soustruznik