The Czech Republic’s biggest electricity producer, almost 70 percent state owned ČEZ, delivered its 2016 results on March 21 with the outcome largely disappointing analysts. The headline figures are full profit for the year of 14.6 billion crowns, which rose to 19.6 billion crowns after all exceptional items had been cleared away. Both figures represent a drop of 29 percent on the corresponding outcome for 2015.
