Last year, the net profit of the ČEZ energy group fell year-on-year from CZK 14.5 billion last year to CZK 5.5 billion. According to ČEZ, the decline was due to higher provisions due to the sale of Romanian assets, deteriorating conditions for coal energy and higher emission allowances. After adjusting for extraordinary non-monetary effects, however, net profit rose by 21 percent to 22.8 billion.
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