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Bulgaria's Holding Varna skips dividend for 2018

Author Mario Tanev
Bulgaria's Holding Varna skips dividend for 2018 Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), July 12 (SeeNews) - Bulgarian diversified group Holding Varna [BUL:5V2] said on Friday that its shareholders have approved the company's plans to skip dividend distribution for 2018.

Holding Varna shareholders endorsed the proposal at a general meeting held on Wednesday, the company said in a statement.

The company's non-consolidated net profit grew to 3.0 million levs ($1.7 million/1.5 million euro) in 2018 from 668,000 levs the year before.

Holding Varna’s portfolio includes companies in the tourism, media, real estate, and financial sectors.

(1 euro=1.95583 levs)