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Korado Bulgaria planning flat dividend for H1

Author Mario Tanev
Korado Bulgaria planning flat dividend for H1 Author: Korado. Licence: All Rights Reserved.

SOFIA (Bulgaria), July 30 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX], part of Czech Republic-based Korado Group, said on Thursday that it is planning to propose a gross dividend of 0.10 levs ($0.060/0.051 euro) per share for the first half of 2020, same as its payout for the first half of last year.

Under the proposal, Korado Bulgaria will distribute a total of some 1.32 million levs as dividend for the first half of the year, the company said in a bourse filing.

The company's net profit fell to 2.4 million levs in the first half of 2020 from 3.2 million levs in the same period of 2020.

As at 14:40 CET on Thursday, Korado Bulgaria shares traded 0.90% higher at 5.60 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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