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Bulgaria's Darik Radio hikes capital

Author Mario Tanev
Bulgaria's Darik Radio hikes capital tanatat/

SOFIA (Bulgaria), July 23 (SeeNews) - Bulgaria's Darik Radio has increased its capital by 650,000 levs ($371,000/332,000 euro) to 6.45 million levs via a new share issue, according to commercial register data.

All 650,000 newly-issued shares were subscribed for by private investor Radosvet Radev, documents entered into the commercial register last week show.

The company's shareholders approved the decision for the capital increase at a meeting on July 8.

Earlier this year, Darik Radio increased its capital by 300,000 levs.

Darik Radio generated consolidated revenue of 5 million levs in 2018 and posted a net loss of 641,000 levs.

(1 euro = 1.95583 levs)