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.