SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Bulgaria's TBS Group to skip H2'22 dividend

Jun 22, 2023, 3:25:56 PMArticle by Mihaela Miteva
share
June 22 (SeeNews) - Bulgarian managed services provider Telelink Business Services Group [BUL:TBS] said that its shareholders endorsed a proposal 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 of the year.

Bulgaria's TBS Group to skip H2'22 dividend
Photo: Telelink Business Services / All rights reserved.

TBS Group distributed some 7.7 million levs as interim dividend, allocated from its net profit of 12.4 million levs reported for last year, the company said in a bourse filing on Wednesday.

The balance of 4.7 million levs will be retained as undistributed profit.

The proposal was approved at a general meeting of shareholders on June 21.

Shares in TBS Group last traded on Wednesday when they closed at 9.65 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.