Poultry producer Gradus (GR6 BU) reported standalone net profit of BGN 11.9m, down more than twice y/y, for FY2019, according to the Company’s unaudited individual financial statements for Q4’19.
Poultry producer Gradus’ (GR6 BU) management proposed interim DPS of BGN 0.022, the Company announced in a filing to the BSE. Gradus will distribute to shareholders BGN 5.4m or 89% of H1’19 holding company’s net profit. Shareholders will vote the proposal on 25th Oct’19.
Poultry producer Gradus reported lower than expected results in FY2018. The latter was driven by both drop in revenues and one-off costs hurting the profitability. Regardless of this, Gradus’ management kept its promise to deliver above 5% return to its investors, offering a gross dividend of BGN 0.10 per share in 2018.
Pharma products wholesaler Sopharma Trading (SO5 BU) proposes BGN 0.30 DPS for FY2018, according to GSM invitation published by the Company in the Commercial Register. The proposed dividend is the same as last year’s despite the Company reported a 23.4% y/y higher net profit for FY2018.
Newly-listed poultry producer Gradus (GR6 BU) posted consolidated BGN 76m in revenues and BGN 12.9m in net profit in H1 2018, according to Company’s latest financial statements. Of the BGN 76m, sales revenue made up BGN 64.4m, while other income added BGN 11.6m to the overall top line.
Poultry producer Gradus raised BGN 81.4m from its IPO, the latter being the second largest IPO on the Bulgarian stock market. Gradus placed 45.22 million shares at BGN 1.80 per share raising BGN 79.1m during its IPO auction that took place on 18th and 19th June.
The Financial Supervision Commission (FSC) approved poultry producer Gradus’ IPO prospectus, the FSC announced in a filing. The IPO is expected in mid-June. The Company seeks to raise more than BGN 100 million by placing a total of 55.6 million shares, 50% of which existing and 50% new shares.