May 21 (SeeNews) - Bulgarian telecommunications and IoT products company Allterco [BUL:A4L] said that it intends to skip dividend distribution for 2018.
The company also skipped dividend distribution for 2017.
Allterco's shareholders will vote on the proposal at a general meeting scheduled for June 27, the company said in a bourse filing on Monday.
Allterco shares last traded on the Bulgarian Stock Exchange at a price of 2.22 levs ($1.27/1.14 euro) apiece.
The IoT products maker grew its non-consolidated net profit to 713,000 levs in 2018 from 549,000 levs the year before.
(1 euro = 1.95583 levs)