May 22 (SeeNews) - Bulgarian diversified group Doverie United Holding [BUL:DUH] said that it will propose to its shareholders to to distribute no dividend for last year in which the company swung to a standalone net loss.
Doverie will ask its investors on June 22 to approve a decision to refer the loss of 2.7 million levs ($1.5 million/1.4 million euro) for 2022 to uncovered losses from previous years, it said in a bourse filing on Friday.
In 2021, the group made a standalone net profit of some 1.1 million levs and also paid no dividend, instead referring 97% of the profit to reserve funds.
The Bulgarian holding owns majority stakes in 17 companies active in various sectors of the economy, including healthcare, construction, banking, retail trade, real estate, and others. The group's unit Doverie-Invest holds a 78.21% stake in Moldovan lender Moldindconbank, which did not pay a dividend last year.
Moldindconbank shareholders are due to decide on June 16 on the payment of dividends on its financial results from 2021 and 2022, the Moldovan bank said last week.
Shares in Doverie have risen in value close to 14% in the past 12 months. On Friday, the stock closed at 8.62 levs.
(1 euro = 1.95583 levs)