Komerční banka announced preliminary results for 2003

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Investiční bankovnictví KB

      Komercni banka announced preliminary unconsolidated results for 2003 according to IFRS. Operating revenues went down by 3.1% to CZK 21.9bn from CZK 22.6bn. On the contrary, operating profit improved by 3.3% to CZK 10.2bn. Net profit reached CZK 9.3bn, which represents an increase of 5.7%.

      

       CAS, CZK bn.......................2003........2002........%ch

       Operating revenues...........21,889.....22,596.......-3.1

       Operating profit.................10,161.......9,836........3.3

       Net profit (loss)..................9,262.......8,763........5.7

       Source: company data

      

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