June 24 (SeeNews) - Diversified group Industrial Holding Bulgaria (IHB) [BUL:4ID] said that its shareholders have approved the company's plan to skip dividend distribution for 2018.
IHB also skipped dividend distribution for 2017.
The company's shareholders endorsed the proposal at a general meeting held on June 20, IHB said in a statement.
IHB's non-consolidated net profit plunged to 5.9 million levs ($3.4 million/3.0 million euro) in 2018 from 21.2 million levs in 2017.
IHB controls over 20 companies active in various sectors of the economy.
(1 euro = 1.95583 levs)