Bulgaria's Gradus Gets 13.9 Mln Euro from Dividends in 2018

Bulgaria's Gradus Gets 13.9 Mln Euro from Dividends in 2018

Bulgarian poultry producer Gradus said on Monday that its has received 27.2 million levs ($15.9 million/13.9 million euro) in dividends from its units in 2018, in line with its forecast.The company ended 2018 with a non-consolidated net profit of 26.7 million levs, Gradus said in a bourse filing.The company's operating expenses totalled 825,000 levs last year.In June, Gradus raised 81.4 million levs in a two-day initial public offering (IPO) on the BSE, making it the biggest IPO on the exchange since 2007. Investors subscribed for 45.2 million Gradus shares, or 81% of the total number of offered shares, at a price of 1.8 levs apiece.The company's shares started trading on the Sofia bourse on August 6, 2018 and have lost 3.9% of their price to date.

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