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Korado Bulgaria shareholders approve 0.1 euro/share dividend for H2 2018

Author Mario Tanev
Korado Bulgaria shareholders approve 0.1 euro/share dividend for H2 2018 Author: Korado. Licence: All Rights Reserved.

SOFIA (Bulgaria), May 15 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX], part of Czech Republic-based Korado Group, said on Wednesday that its shareholders have approved the distribution of a gross dividend of 0.19 levs ($0.11/0.10 euro) per share for the second half of 2018.

This brings the company's dividend for the full 2018 to 0.29 levs per share, up from 0.26 levs distributed for 2017, Korado Bulgaria said in a statement.

Korado Bulgaria shares closed at 6.9 levs on the Bulgarian Stock Exchange on Tuesday.

The company's net profit rose to 5.25 million levs in 2018 from 4.78 million levs in 2017.

(1 euro = 1.95583 levs)

 

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