You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Speedy proposes higher dividend for 2018

Author Mario Tanev
Bulgaria's Speedy proposes higher dividend for 2018 Author: Speedy. Licence: All Rights Reserved.

SOFIA (Bulgaria), May 16 (SeeNews) - Bulgarian express delivery company Speedy [BUL:0SP] said that it is proposing to its shareholders to distribute a gross dividend of 1.40 levs ($0.80/0.72 euro) per share for 2018.

The company paid a gross dividend of 1.20 levs per share for 2017.

Under the proposal, Speedy will distribute a total of 7.53 million levs as dividend for last year, the company said in a bourse filing on Wednesday.

Shareholders will vote on the proposal at a meeting scheduled for June 17.

Speedy shares closed at 47.4 levs apiece on the Bulgarian Stock Exchange on Wednesday.

The express delivery company's non-consolidated net profit rose to 12.2 million levs in 2018 from 8.4 million levs the year before.

(1 euro = 1.95583 levs)