ČEZ’ profit down to CZK 22bn in H1 due to windfall tax

Published: 28.09.2023 Related countries:  Korea (south) Korea (south)

Coal's share on power generation reaches an all-time low

ČEZ Group's net profit for the first half of 2023 reached CZK 22.3bn, down by CZK 11.3 billion year-on-year. The decline was caused by the newly introduced 60% windfall profits tax, which burdened costs with an amount exceeding CZK 13bn. The share of coal-fired generation fell to 27 %, reaching an all-time low. The group will pay CZK 110 to 120bn to the Czech state this year in dividends, income taxes and levies on excess production sales.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul