Czech corp results show two sides of crown coin

Newswire

By Alan Crosby PRAGUE, July 31 (Reuters) - First half Czech corporate results reported on Wednesday showed both sides of the coin in the crown's record rise against the euro. Some firms saw windfall forex gains on the crown's 10 percent jump against the euro in the first half, but manufacturers bore the brunt on an operating level. "I am saying our results are doped by pills, specifically by the crown's exchange rate," Petr Voboril, chief financial officer at utility CEZ said on ...

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