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Bulgaria's Gradus to get 511,000 euro dividend from unit Millennium 2000

Author Mario Tanev
Bulgaria's Gradus to get 511,000 euro dividend from unit Millennium 2000 Author: Gradus / All rights reserved.

SOFIA (Bulgaria), June 18 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said on Tuesday that it will receive a dividend of 1 million levs ($572,000/511,000 euro) from its wholly-owned unit Millennium 2000.

The 1 million levs represent part of Millennium 2000's profit in 2018, Gradus said in a bourse filing.

As at 12:15 CET on Tuesday, Gradus shares traded 0.27% higher at 1.825 levs on the Bulgarian Stock Exchange.

Earlier this month, Gradus said that it will get some 4.5 million levs in dividends for 2018 from its wholly-owned subsidiary Zhyuliv and majority-owned unit Gradus-98. Zhyuliv will distribute a dividend of 2 million levs, while Gradus-98 will pay 2.5 million levs, of which 2,498,350 million levs to Gradus.

Last year, Gradus received a total of 27.2 million levs in dividends from its subsidiaries.

Gradus closed 2018 with a consolidated net profit after minority interest of 14.5 million levs, sharply up from 3.4 million levs in 2017. The company consolidates the results of six units - Gradus-1, Gradus-3, Gradus-98, Lora-2004, Millennium 2000, and Zhyuliv.

(1 euro = 1.95583 levs)

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