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Korado Bulgaria shareholders endorse flat dividend for H1

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

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)

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