Bulgaria's Gradus-98 plans to distribute further 1 mln euro dividend for 2018

Bulgaria's Gradus-98 plans to distribute further 1 mln euro dividend for 2018

Bulgaria's Gradus-98, a unit of local poultry producer Gradus, said that it is seeking the approval of its shareholders to distribute an additional 2 million levs ($1.1 million/1.0 million euro) as dividend for 2018.Gradus-98 shareholders will vote on the proposal at a meeting scheduled for December 5, the company said last week in an invitation for the meeting.Earlier this year, Gradus-98 distributed 2.5 million levs as dividend for 2018.Gradus-98's net profit more than halved to 4.1 million levs in 2018 from 8.8 million levs in the same period of 2017.At the end of September, Gradus-98 was 99.94%-owned by Gradus.
 

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