Bulgaria's Neochim plans to skip dividend for 2023

The company plans to cover its net loss of some 35.3 million levs ($19.5 million/18 million euro) reported for 2023 with funds from its additional reserves, Neochim said in a stock exchange filing last week.

The proposal will be put to the vote at a general meeting of shareholders scheduled for June 21.

Neochim paid out a gross dividend of 5.00 levs per share for 2022, or a total of 12.9 million levs, according to previously disclosed information.

As of 1420 CEST on Monday, shares in Neochim traded 0.51% higher at 19.90 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)