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Published on 6/1/2011 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Czech Republic's Sazka posts CZK 9.3 billion of revenues for 2010

By Caroline Salls

Pittsburgh, June 1 - Sazka, AS reported CZK 9.3 billion of total 2010 revenues, according to a company news release.

The revenues reflected CZK 7.3 billion of revenues from the company's main business, betting and lottery activities, as well as a CZK 1.4 billion of profit after tax.

The company said its total yield had reached almost CZK 1.3 billion as of Dec. 31.

Sazka has received approval to pay CZK 913 million in proceeds, of which almost CZK 911 million will go to shareholders. The payment includes repayment of a bond issue, the release said.

According to a separate news release, Lenka Angelika Tichá has become a Sazka spokesperson.

Tichá is also a spokesperson for Sazka insolvency administrator Josef Cupka. She will be responsible for any media communication related to the company and the administrator.

Tichá replaces Jan Tuna as Sazka's spokesperson.

Sazka is a Czech Republic lottery company.


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