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Korado Bulgaria proposes flat dividend for H1

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

SOFIA (Bulgaria), August 8 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX] said on Thursday that it is seeking the approval of its shareholders to distribute a gross dividend of 0.10 levs ($0.058/0.051 euro) per share for the first half of 2019, same as its payout for the first half of last year.

The company's shareholders will vote on the proposed dividend distribution at a general meeting scheduled for September 18, Korado Bulgaria, part of Czech Republic-based Korado Group, said in a bourse filing.

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

Korado Bulgaria's net profit remained unchanged year-on-year at 3.2 million levs in the first six months of 2019.

(1 euro = 1.95583 levs)

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