Cesky Telecom`s HI 2001 results were influenced by continuing deterioration in call revenues over fixed lines, growth of total consolidated revenues is caused by Eurotel’s 24% revenue growth and growth of income from other services (data related, internet). The company is trying to offset the pressure on its fixed line business by cutting expenses, but given the costs associated with layoffs, we expect to see the benefits of this effort mainly in H2. Higher depreciation significantly contributes to y-to-y decline in EBIT and bottom-line earnings.
| CZK mil.||HI 0IA||HI 00A||change|
| Pretax income||4,253||4,904||-13,3%|
| Net income||2,931||3,389||-13,5%|