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Bulgarian insurer Euroins to skip dividend for 2016

Author Mario Tanev
Bulgarian insurer Euroins to skip dividend for 2016 Eurohold/All rights reserved.

SOFIA (Bulgaria), July 5 (SeeNews) - Bulgarian insurance company Euroins [BUL:5IC] said on Wednesday it will distribute no dividend for 2016.

The company shareholders approved the proposal at a general meeting held on June 30.

The company’s net profit of 926,000 levs ($536,000/473,000) in 2016 will be used to cover losses from previous years, Euroins said in a bourse filing.

Euroins is a unit of Euroins Insurance Group (EIG), part of insurance holding company Eurohold Bulgaria.

(1 euro=1.95583 levs)

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