May 9 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:4BH] said on Thursday that its shareholders have approved the management's proposal for a gross dividend payout of 0.08 levs ($0.05/0.04 euro) per share for 2018.
The company distributed a gross dividend of 0.075 levs per share for 2017.
Bulgarian Rose will distribute a total of 428,078 levs as dividend for last year, the company said in a bourse filing.
Bulgarian Rose shares last traded on the Bulgarian Stock Exchange at a price of 1.92 levs apiece.
Bulgarian Rose reported a non-consolidated net profit of 469,000 levs in 2018, up from 426,000 levs in 2017.
Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs.
Bulgarian Rose, part of blue-chip industrial group Stara Planina Hold [BUL:5SR], has stores in nine cities across Bulgaria.
(1 euro = 1.95583 levs)