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Bulgaria's TBS Group shareholders endorse 0.42 euro/share dividend for H1

Bulgaria's TBS Group shareholders endorse 0.42 euro/share dividend for H1 Photo: Telelink Business Services / All rights reserved.

SOFIA (Bulgaria), September 14 (SeeNews) - Bulgaria's Telelink Business Services Group (TBS Group) [BSE:TBS] said on Tuesday that its shareholders have approved the proposed dividend payout of 0.82 levs per share ($0.50/0.42 euro) for the first half of 2021.

TBS Group will distribute a total of 10.25 million levs as gross dividend for the first six months of this year, it said in a bourse filing.

In June, TBS Group said that its investors have approved the company’s proposal to skip dividend distribution for the second half of 2020, after paying an interim dividend of 0.4803 levs per share for the first half of last year.

According to TBS Group's most recent financial report, its non-consolidated net profit rose to 13 million levs in the first half of 2021 from 8.2 million levs in the same period of 2020.

As at 15:45 CET on Tuesday, shares in TBS Group traded flat at 16.50 levs on the floor of the Bulgarian Stock Exchange.

TBS Group shares started trading on the BSE in June 2020. TBS Group was spun off from local company Telelink Bulgaria in 2019, becoming the sole owner of IT infrastructure, information security and digital transformation solutions provider Telelink Business Services and several other units of Telelink, engaged in similar activities.

(1 euro = 1.95583 levs)