UPC: The cable number one multiplies its proceeds
Article Abstract:
UPC CR (Prague, Czech Republic), cable television operator, saw proceeds of over CEK 1 bil in 2000. The firm expects a loss for 2000, due to investments. The firm's highest 2000 investment the nearly CEK 1 bil renovation of its networks in Prague. On the domestic market, UPC operates cable television for more than 410,000 households. It is the largest Czech cable television operator. The firm has been controlling Kabel Plus (Czech Republic), Kabel Net (Czech Republic) and Dattelkabel (Czech Republic) since 2000. UPC CR also offers voice services, data transmission, connection to the Internet and another special television offer through the satellite. Its parent company is United Pan-Europe Communications (UPC) (Netherlands/US), which is the largest cable television operator in Europe.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Philip Morris will pay dividends of CEK 940
Article Abstract:
Philip Morris CR (Kutna Hora, Czech Republic), cigarette manufacturer, saw a net profit of CEK 3.2 bil in 2000, 13% more compared to 1999. The firm will pay total dividends of CEK 2.580 bil from the 2000 profit, CEK 940 per share. The remaining CEK 638.862 mil of the profit will be transferred to the firm's retained profit for the past few years. The company's proceeds decreased by 13% to CEK 12.3 bil in 2000 compared to 1999. The reason for the proceed drop was a decrease in sales. The total Czech cigarette consumption decreased by 4-5% in 2000. The drop of the consumption was influenced by the growth of cigarette retail prices due to an increase in the consumer tax in Jul 1999.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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