CS’s 1Q 2001 unconsolidated CAS before-tax profit reached better-than-expected CZK 877 mil. and operating profit CZK 1.1 bil., which is lower than our expectation. However, these CAS figures have only minor relevance, will likely be ignored by the market, and could be used primarily as an indicator of several IAS operating items (e.g. interest income, income from fees, clients loans, primary deposits, etc.). More detailed figures are not available at the moment. CS should release consolidated IAS 1Q 2001 results on May 11.
(Jan Hájek)