August 14 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX], part of Czech Republic's Korado Group, said on Tuesday it is seeking the approval of its shareholders to distribute an interim gross dividend of 0.10 levs ($0.058/0.051 euro) per share for the first half of 2018.
The shareholders would vote on the proposed dividend distribution at a general meeting scheduled for September 19, Korado said in a bourse filing.
The company distributed a gross dividend of 0.26 levs for the full year 2017.
Korado Bulgaria's net profit increased to 3.2 million levs in the first six months of 2018 from 3.0 million levs in the same period of 2017.
As at 12:03 CET on Tuesday, Korado Bulgaria shares traded 1.40% lower at 7.05 levs.
Korado Bulgaria was registered in 1998 when the Czech company acquired 98.2% of the originally German-Bulgarian steel radiators production plant in Strazhitsa, in northern Bulgaria. The plant exports its output to the markets of Romania, Ukraine, France, Hungary and Bosnia.
(1 euro = 1.95583 levs)