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13.55 GMT 11Sept2008 CEZ rises on CFO comments
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Czech power group CEZ <> jumps more than 3 percent
following comments from the company's chief financial officer
that wholesale power prices are expected to stay above 75 euros
per MWh and profits rising in coming years.
Shares in the utility, central Europe's largest listed firm
with a market capitalisation of $34.8 billion, are 3 percent up
on the day at 1,058 crowns, compared with a 2.12 percent drop in
Prague's main PX <> index.
To read CEZ interview double click on []
rm://jana.mlcochova.thomsonreuters.com@reuters.net
1335 GMT 11Sept2008 Lotos falls on weaker Q3 profit
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Poland's second-largest oil company Lotos <LTOS.WA> falls
1.2 percent after its chief financial officer said late on
Wednesday third-quarter net profit will fall from a quarter
earlier due in part to losses on currency hedging.
To read more double click on []
rm://piotr.skolimowski.thomsonreuters.com@reuters.net
0847 GMT 11Sept2008 PGNiG rises on tariff hike bets
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Polish gas monopoly PGNiG <PGNI.WA> gains 2.3 percent,
capping declines in Warsaw stocks, as market bets local energy
regulator may allow the company to raise natural gas prices as
early as next week, traders say.
PGNiG has asked the regulator for a 17.4 percent increase in
prices after rising costs of gas imports from Russia hurt its
second-quarter earnings.
Polish energy watchdog URE may rule on price tariffs next
Tuesday, newspaper Rzeczpospolita reported on Thursday without
giving sources.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
0823 GMT 11Sept2008 Cersanit falls 5 pct on strong zloty
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Poland's largest bathroom fittings maker Cersanit <CRSA.WA>
slides almost 5 percent as investors bet a stronger zloty may
hurt its earnings.
Cersanit lost half of its market value this year after the
surge in the Polish currency hit its earnings. The company sells
40 percent of its production abroad and has been trying to shift
production to Romania, Russia and Ukraine.
The zloty rose 1.6 percent on Wednesday, taking heart from
comments by Polish Prime Minister, who surprised the market by
announcing that Poland aims to join the euro in 2011, at least
two years ahead of what most economists have predicted.
rm://adrian.krajewski.thomsonreuters.com@reuters.net
