May 28 (SeeNews) - Bulgarian sugar and ethanol producer Zaharni Zavodi [BUL:ZHZA] said that its management is proposing the distribution of a gross dividend per share of 0.158 levs ($0.0989/0.0808 euro) for 2020.
Zaharni Zavodi paid a gross dividend per share of 0.14 levs for 2019.
Under the proposal, Zaharni Zavodi will distribute a total of 1.76 million levs as dividend for 2020, the company said in a stock exchange filing.
Shareholders in the company will vote on the proposal at a meeting scheduled for June 23.
Shares in Zaharni Zavodi last traded on the Bulgarian Stock Exchange at a price of 3.26 levs.
The company's standalone net profit soared to 5.1 million levs in 2020 from 445,000 levs in 2019.
(1 euro = 1.95583 levs)