May 21 (SeeNews) - Bulgarian battery manufacturer Monbat [BUL:5MB] said on Tuesday that it is proposing to its shareholders to distribute a total of 4 million levs ($2.3 million/2.0 million euro) as dividend for 2018.
The company distributed 7.5 million levs, or 0.1923 levs per share, for 2017.
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Monbat's shareholders will vote on the proposal at a general meeting scheduled for June 28.
Monbat shares last traded on the Bulgarian Stock Exchange on May 17, when they closed at 6.45 levs.
The battery maker's non-consolidated net profit rose to 9.9 million levs in 2018 from 6.4 million levs in 2017.
(1 euro = 1.95583 levs)