dividends Archives - Page 7 of 9

Sopharma Trading to acquire Serbian pharma distributor

28 June 2017

Biggest pharma distributor in Bulgaria Sopharma Trading (SO5 BU) to acquire Serbian pharma distributor Lekovit, according to a filing by the former. The acquisition is subject to an antitrust approval. Pharma stores acquisitions on the agenda The deal is part of Sopharma Trading’s plans to expand in Serbia and gain market share. The Company began… Read more

Monbat acquires two lithium-ion batteries producers in Germany

27 June 2017

Leading lead acid batteries producer in Bulgaria Monbat (5MB BU) acquired two lithium-ion batteries companies in Germany, according to a regulatory announcement by the Company. Lithium-ion batteries – the new market for Monbat Monbat acquired 100% of GAIA Akkumulatorenwerke GmbH and EAS Germany GmbH (a JV between GAIA and Enersys/Hawker). It plans to merge them… Read more

SEC approves merger on Sopharma’s Tabex US right holder

16 June 2017

US Securities and Exchange Commission approved of Sopharma’s (3JR BU) Tabex US rights holder merger, according to an announcement by Sopharma. The SEC approved the merger between Achieve Live Science and OncoGenex Pharmaceuticals with the latter expected to be approved by OncoGenex’ shareholders on Aug 1st 2017. Tabex walk to US In 2015 Sopharma sold… Read more

CEZ shortlists candidates for Bulgarian assets

19 May 2017

CEZ starts negotiations with selected bidders for its Bulgarian assets – CEZ Distribution and CEZ Electro (3CZ BU and 1CZ BU), according to a statement by the Company. No details are available officially on the number of bidder or who they are. According to local media CEZ is negotiating with 4 out of 8 initial… Read more

Sopharma proposes 42% higher dividend per share this year, 2.5% yield

5 May 2017

Generic pharma producer Sopharma (3JR BU) is proposing 42% y/y higher dividend per share of BGN 0.10 from 2016 profits, according to forthcoming annual shareholders meeting. This is the first dividend raise since 2010. The decision is to be approved at the annual shareholders meeting scheduled for June 2nd, 2017. The proposed dividend yields 2.5%… Read more

New research report: Sopharma finally catches the tailwinds

7 April 2017

Sopharma – the leading generic pharmaceutical company in Bulgaria – booked a 2016 performance in line with ELANA Trading analysts’ expectations. Top line negative surprises seem fading away, operating profits sustained on cost optimization and profitable divestments made the bottom line. Sales in line with analysts’ expectations After losing a quarter of its operations due… Read more

A glimpse on audit impact on financial statements FY 2016

6 April 2017

Audit ups Speedy’s (0SP BU) unconsolidated net income by 20% to BGN 7.7m, according to the Company’s audited unconsolidated FY2016 financial statements published at the end of March 2017. Audited net income stands at BGN 7.7m, up 20% vs. preliminary announced result of BGN 6.4m. The latter is due mostly on 24% lower depreciation expense… Read more

2017 dividend season started

31 March 2017

First dividend news came out with the publication of audited FY 2016 reports yesterday. Regular dividend providers REITs are investors’ favourites on dividends since by law they are obliged to distribute 90% of their profits as dividend. Biggest land REIT in Bulgaria Advance Terrafund (6A6BU) provisions BGN 0.154 DPS, yielding 7.3% at current quotes, according… Read more

Sirma Group Holding online investors’ day

Sirma Group Holding presented 5-year forecast and US business development to investors

29 March 2017

Sirma Group Holding (SKK BU) discussing new leaner structure and cloud, data and cognitive tech solutions as strategic areas of development – the Company announced that has been having meetings with key institutional investors in Bulgaria over the last two weeks discussing its new five year strategy post the 2015 IPO. Sirma Group Holding streamlining… Read more

Stara Planina Hold’s management proposes 6% higher dividend in 2017

21 March 2017

Industrial company Stara Planina Hold’s (5SR BU) management proposes dividend payouts for subsidiaries within the group from 2016 profits, according to a regulatory filing with the stock exchange. This is 20th consequent dividend payout for shareholders of Stara Planina Hold, M+S Hydravlic, Hydraulic Elements & Systems PLC since 1997 till now. With Elhim Iskra dividend… Read more