September 29 (SeeNews) - Bulgarian farming group BG Agro [BUL:AO0] said on Tuesday that its shareholders have approved the management's proposal for no dividend distribution for 2019.
The company distributed a gross dividend of 0.04 levs ($0.024/0.020 euro) per share for 2018.
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The proposal was supported by all shareholders present at the meeting held on Tuesday, BG Agro said in a bourse filing.
The company's standalone net profit rose to 129,000 levs in 2019 from 70,000 levs in 2018.
BG Agro shares last traded on the Bulgarian Stock Exchange at a price of 1.20 levs.
(1 euro = 1.95583 levs)