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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)

 

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