By Robert Anderson in Prague CEZ, the majority state-owned Czech power group, reported net profit of CZK29.6bn (€1.17bn) in 2023 on revenue up 18% to CZK340.6bn. Net profit fell back sharply from the record CZK80.7bn made in 2022, when the group benefited from bumper trading profits and soaring energy prices after the Russian invasion of Ukraine. Electricity prices have now fallen back to the 2021 price level. Net profits were also affected by the imposition of CZK30bn in windfall taxes and the CZK10bn levy on excess revenues from generation. The group also took a CZK5bn charge for the “signif…