Unaudited unconsolidated pretax CAS income, reported yesterday in Ceske radiokomunikace's AGM invitation (CZK 1.23 bil.), differed significantly from the CZK 2.69 bil. reported by the company in January. The company said that the difference is due to a CZK 1.27 bil. provision created against the company's equity and debt investment in its Contactel subsidiary (which had been previously recorded in the parent company's books at their nominal value). Ceske radiokomunikace and TDC each have a 50% stake in Contactel, which offers Internet, data, and fixed-line telecommunication services. The news might have a negative impact on Ceske radiokomunikace stock today. Also, Ceske radiokomunikace is scheduled to release its 2001 consolidated IAS results on Monday, April 15.
(Ondrej Datka)