SOFIA (Bulgaria), September 18 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX] said on Wednesday that its shareholders have approved the managements proposal for a gross dividend distribution 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 endorsed the proposed dividend distribution at a general meeting held on Wednesday, Korado Bulgaria, part of Czech Republic-based Korado Group, said in a statement.
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)