May 17 (SeeNews) - Bulgarian managed services provider Telelink Business Services Group [BUL:TBS] said on Wednesday that it is proposing to skip dividend distribution for the second half of 2022, after paying out an interim dividend of 0.81 levs ($0.45/0.41 euro) per share for the first half.
TBS Group booked a net profit of 12.44 million levs in 2022, of which some 7.7 million levs were distributed as interim dividend, it said in a bourse filing. The company plans to retain the remaining earnings as undistributed profit.
TBS Group's shareholders will vote on the proposal at a general meeting scheduled on June 21.
The company said earlier this week that it expects its net profit to fall 14% in 2023 to 4.8 million euro, excluding the effect of potential acquisitions.
As of 1550 CET on Wednesday, shares in TBS Group traded 0.54% lower at 9.15 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)