Cesky Telecom posted higher-than expected net profit of CZK1.4 billion (USD50.6 million) for the first quarter of 2004, up from CZK0.97 billion at the same time in 2003. Revenues stood at CZK15 billion, a rise of 18% in a year, while EBITDA grew by around 20% to CZK7.57 billion. The state-owned telco attributed the positive results to gains at its wireless unit Eurotel, which reported net profits of CZK2 billion, up by 22% year-on-year.
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