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Bulgaria's Elhim Iskra proposes higher dividend for 2018

Author Mario Tanev
Bulgaria's Elhim Iskra proposes higher dividend for 2018 Author: Elhim Iskra / All rights reserved.

SOFIA (Bulgaria), March 15 (SeeNews) - Bulgarian car battery manufacturer Elhim Iskra [BUL:52E] said on Friday that it is proposing to distribute a gross dividend of 0.016 levs ($0.009/0.008 euro) per share for 2018.

The company distributed a gross dividend of 0.012 levs for 2017.

Elhim Iskra will distribute a total of 403,528 levs as dividend for last year, the company said in a bourse filing.

Shareholders will vote on the proposal at a meeting scheduled for May 5.

The company's shares last traded on the Bulgarian Stock Exchange at a price of 0.97 levs apiece.

Elhim Iskra posted a non-consolidated net profit of 493,000 levs in 2018, up from 363,000 levs in 2017.

Elhim Iskra is part of blue-chip diversified group Stara Planina Hold [BUL:5SR].

The Pazardzhik-based company exports over 90% of its output.

(1 euro = 1.95583 levs)