March 19 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX], part of Czech Republic-based Korado Group, said on Thursday that it is proposing to its shareholders to distribute a gross dividend per share of 0.19 levs ($0.11/0.10 euro) for the second half of 2019, bringing to full-year dividend to 0.29 levs.
Korado Bulgaria also distributed a gross dividend per share of 0.29 levs for 2018.
Under the proposal, the company will distribute a total of 2.5 million levs as dividend for 2019, it said in a bourse filing.
Korado's net profit fell to 4.3 million levs in 2019 from 5.3 million levs in 2018.
As at 8:45 CET on Thursday, Korado Bulgaria shares traded 5.86% lower at 4.5 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)