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Bulgarian cable maker Emka proposes flat dividend for 2020

Bulgarian cable maker Emka proposes flat dividend for 2020 Emka / All rights reserved.

SOFIA (Bulgaria), April 26 (SeeNews) - Bulgarian cable manufacturer Emka [BUL: EMKA] said on Monday that it is proposing to its shareholders to distribute a gross dividend of 0.0842 levs ($0.050/0.043 euro) per share for 2020, as much as it paid out a year earlier.

Emka intends to distribute some 1.8 million levs as dividend for 2020, the company said in a bourse filing.

Shareholders will vote on the proposal at a general meeting scheduled for June 14.

Emka's 2020 net profit remained almost unchanged year-on-year at 3.7 million levs.

(1 euro = 1.95583 levs)

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