CEZ a. s. said its first-quarter normalized net income came to 11.02 Czech koruny per share, compared with the S&P Capital IQ consensus estimate of 16.33 koruny per share.
EPS decreased 24.0% year over year from 14.50 koruny.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.89 billion koruny, a decline of 24.0% from 7.74 billion koruny in the prior-year period.
The normalized profit margin fell to 11.0% from 15.2% in the year-earlier period.
Total revenue rose 5.8% on an annual basis to 53.96 billion koruny from 50.99 billion koruny, and total operating expenses increased 14.7% year over year to 42.02 billion koruny from 36.64 billion koruny.
Reported net income decreased 24.2% from the prior-year period to 7.53 billion koruny, or 14.07 koruny per share, from 9.93 billion koruny, or 18.56 koruny per share.
As of May 12, US$1 was equivalent to 24.37 Czech koruny.