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.
Agricultural land leasing company ELANA Agrocredit’s (0EA BU) shareholders will vote BGN 0.058 gross DPS for FY2018 on 28th May, according to published invitation for general shareholders’ meeting (GSM) by the Company.
Leading generic pharma company Sopharma (3JR BU) will not distribute second interim dividend for FY2018, yearly DPS stays BGN 0.05, according to the Company’s GSM invitation scheduled for 7th June, pending approval by the Commercial Register.
Steel radiators producer Korado achieved 10% y/y bottom line growth to record bgn 5.3m in FY2018 despite tough market conditions. Profitability continued to improve on lean management, net profit margin reaching record 11.9%.
Agricultural land leasing company Elana Agrocredit (0EA BU) posted 31.3% y/y increase in net profit to BGN 2.4m, entailing DPS of BGN 0.058 for 2018, according to Company’s latest Q4’18 financials. The DPS exceeds the expectations of ELANA Trading analysts by 9.4%.
With investments of ca. BGN 60M since inception and favorable leasing conditions, ELANA Agrocredit’s lean business model is successfully financing small farmers. With strong demand for land and expected ongoing land appreciation in Bulgaria, it is set for growth, at the same time delivering higher than market’s average yields for its investors.
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