Škoda Auto, the automaker, increased its operating profit by six percent in the first half of this year to €1.366 billion, while revenues slightly exceeded €16 billion. The Prague Stock Exchange gave up some of Wednesday's gains today, with the PX index falling by 0.68 percent. The European Central Bank left interest rates unchanged on Thursday. Moneta Money Bank announced its half-year results today – net profit increased by 8.1 percent to CZK 3.3 billion. On Thursday, July 30th, the results of Komerční banka, Erste Bank, and the real estate group CTP will be released.
Škoda Auto, in the first half of this year, increased its operating profit by approximately six percent to €1.366 billion, which is over CZK 33 billion, compared to €1.285 billion a year ago. This was announced by its parent company, Volkswagen, in its half-year results report. Revenues for the first half of the year also increased by approximately six percent and slightly exceeded €16 billion.
The Prague Stock Exchange gave up some of Wednesday's gains today. The PX index fell by 0.68 percent to 2,635.44 points. Most major stocks lost value, with Erste Bank shares performing particularly poorly. On the other hand, the energy company ČEZ ended the day in positive territory.
Moneta Money Bank today announced its unaudited consolidated financial results for the first half of this year. Net profit increased by 8.1 percent to CZK 3.3 billion. Operating income increased by 6.5 percent to CZK 7.2 billion. According to the bank, the increase in revenue was mainly due to an increase in interest income resulting from a higher volume of new loans and adjustments to mortgage rates. The earnings season on the Prague Stock Exchange continues on Thursday, July 30th, when Komerční banka, Erste Bank, and the real estate group CTP will report their second-quarter results.
The European Central Bank left interest rates unchanged on Thursday. The deposit facility rate remains at 2.25 percent, where it was moved during the June increase. President Christine Lagarde indicated at a press conference that the bank would carefully monitor inflation and geopolitical risks, particularly in the energy sector.
The financial health of Czech citizens has improved again this year. According to the Prosperity Index, the Czech Republic ranks seventh in the European Union, with significant year-on-year improvements in savings rates and the ability to cope with unexpected expenses. At the same time, the survey shows ongoing concerns about rising living costs, particularly in housing and energy.