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Bulgaria's Gradus-98 plans to distribute further 1 mln euro dividend for 2018

Author Mario Tanev
Bulgaria's Gradus-98 plans to distribute further 1 mln euro dividend for 2018 Author: Gradus / All rights reserved.

SOFIA (Bulgaria), November 4 (SeeNews) - Bulgaria's Gradus-98, a unit of local poultry producer Gradus [BUL:GR6], said that it is seeking the approval of its shareholders to distribute an additional 2 million levs ($1.1 million/1.0 million euro) as dividend for 2018.

Gradus-98 shareholders will vote on the proposal at a meeting scheduled for December 5, the company said last week in an invitation for the meeting.

Earlier this year, Gradus-98 distributed 2.5 million levs as dividend for 2018.

Gradus-98's net profit more than halved to 4.1 million levs in 2018 from 8.8 million levs in the same period of 2017.

At the end of September, Gradus-98 was 99.94%-owned by Gradus.

(1 euro = 1.95583 levs)

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