GTS goes on fighting for customers

Article Abstract:

GTS Czech (Prague, Czech Republic), the largest alternative telecommunication operator in the Czech Republic, saw proceeds of CEK 1.270 bil in 2000. The sum is a double compared to 1999. Voice services represented 36% of the firm's total proceeds in 2000. The company saw proceeds of CEK 453 mil for 1Q 2001, nearly 100% more compared to 1Q 2000. CEK 410 mil of the proceeds for 1Q 2001 are represented by the proceeds of GTS's Czech branch and CEK 43 mil by the proceeds of the firm's Slovak branch. GTS installs telecommunication networks throughout the Czech Republic. The firm covers 18 Czech cities with its network currently and plans to complete the connection of a total of 25 cities during 2001. Besides Prague, GTS has branches in Brno, Ostrava, Zlin, Hradec Kralove, Liberec, Plzen, Olomouc and Ceske Budejovice, Czech Republic. GTS Czech was set up as a merger of GTS Czech Net (Czech Republic), GTS Inec (Czech Republic) and Dattel (Czech Republic) in Feb 2000.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Telecommunications industry, GTS Czech

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A jump in red zero

Article Abstract:

Raab Karcher Staviva (RKS) (Prague, Czech Republic), building materials trade company, expects proceeds of CEK 2.21 bil and a trade profit of CEK 15 mil in 2001. The firm's proceeds rose by 3.7% to CEK 2.08 bil and its profit from trade activities to CEK 5 mil in 2000 compared to CEK 2 mil in 1999. RKS reported a balance loss of CEK 30 mil in 2000, in spite of the growth. The reason for the 2000 loss was the formation of rectifying items of CEK 35 mil within the tightening up of the evaluation of assets according to international accounting standards. In 1999 RKS saw a profit of CEK 53 mil. The company, which has a stock of CEK 723.3 mil and about 400 employees, has a 3-4% share on the domestic building material market. About 99% of the firm's suppliers and consumers are from inland. RKS's parent company with a 95% stake is Raab Karcher Baustoffe (Germany), which is wholly owned by the concern Saint-Gobain (France).

Nonmetallic Mineral Product Manufacturing, STONE, CLAY, AND GLASS PRODUCTS, Construction Materials, Lumber and Construction Materials, Lumber & Bldg Materials, Whsle, Lumber and Other Construction Materials Wholesalers, Statistical Data Included, Building materials, Building materials wholesalers, Raab Karcher Staviva

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