July 31 (SeeNews) - CEZ Distribution Bulgaria [BUL:3CZ], majority owned by Czech power utility group CEZ, said on Monday its non-consolidated net profit rose to 20.8 million levs in the first half of 2017, from 11.8 million levs in the like period of 2016.
Total revenues rose to 216.6 million levs in the January-June period, from 195.6 million levs in the prior year, CEZ Distribution said in a bourse filing.
Bulgarian media reported In May that CEZ Group had invited four candidates interested in acquiring its assets in Bulgaria to submit binding bids and bank guarantees for their price offers.
CEZ Group assets in Bulgaria include CEZ Distribution Bulgaria, the public supplier of electricity and a licensed trader CEZ Electro Bulgaria, licensed electricity trader CEZ Trade Bulgaria and Varna thermal power plant. The operations of those companies are managed and coordinated by CEZ Bulgaria EAD.
CEZ Distribution Bulgaria is 67%-owned by CEZ Group. It operates in the Sofia region and parts of western and northern Bulgaria and is licensed for the transmission and distribution of electricity and the operation of the distribution grid.
CEZ Distribution Bulgaria shares were traded flat at 235.0 levs in a volume of just 2 units as of 14:20 CET on the stock exchange in Sofia.