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May 15, 2023 11:02 EEST
May 15 (SeeNews) - Bulgaria's Odessos Shiprepair Yard [BUL:ODES] said that its shareholders endorsed a proposal to distribute a gross dividend of 12.80 levs ($7.1/6.5 euro) per share for 2022.
Odessos will pay out a total of 7.5 million levs in dividend out of its net profit reported for last year, and will retain the remaining earnings as undistributed profit, the company said in a bourse filing on Friday.
The company's net profit soared to 17.4 million levs in 2022 from 5.6 million levs a year earlier.
The dividend will be distributed over three months, starting June 12.
In 2021, Odessos paid out a gross dividend of 4.00 levs per share, or 2.3 million levs in total, according to previously disclosed data.
Shares in Odessos Shiprepair Yard last traded on May 5 when they closed at 232.00 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)
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