June 3 (SeeNews) - Bulgarian cosmetics maker Lavena [BUL:4L4] said on Monday that its shareholders have endorsed a gross dividend payout of 0.03 levs ($0.017/0.015 euro) per share for 2018.
The company did not distribute dividend for 2017.
Lavena shareholders approved the management's proposal at a general meeting held on Monday, the company said in a bourse filing.
Lavena's individual net profit fell to 663,000 levs in 2018 from 1.8 million levs in 2017.
Established in 1962, Lavena owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S. Bulgaria is among the world's biggest producers of lavender oil.
(1 euro = 1.95583 levs)