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.
Agricultural land leasing company ELANA Agrocredit (0EA BU) to receive up to BGN 15m bank loan to finance its operations, the Company announced in a filing. The loan consists of two tranches: an investment loan up to BGN 15m for financing the expansion of the Company’s leasing portfolio and a working capital revolving loan up to BGN 5m.
Pharma wholesaler Sopharma Trading’s (SO5 BU) consolidated revenues accelerated 6.6% y/y to BGN 465.6m, net profit margin shrank on increased costs in H1’19, according to latest consolidated financials published by the Company.
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.