From a growth company a decade ago, the Company has changed into a utility cash cow, in line with the majority of the telecommunications sector. From the peak of nearly CZK 65 bil, the Company's sales have been declining as market saturation and increased competition and regulatory pressure have been taking their toll. Despite the deteriorating profitability and generous dividend payout, the Company operates without any debt. In the last decade, the Company paid 126% of its annual profits on dividends, what implies an average dividend yield of 8.2%
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