KORADO Bulgaria to propose lower dividend for 2022 to fund expansion

30. 3. 2023


KORADO Bulgaria to propose lower dividend for 2022 to fund expansion

March 29 (SeeNews) - Steel radiator manufacturer KORADO Bulgaria [BUL:KBG] said on Wednesday that it will propose to distribute a lower dividend for last year compared to 2021 as it plans further expansion and acquisitions.

The company will propose a dividend of 0.20 levs per share for 2022, which is lower by 0.09 levs than the payment for 2021, KORADO Bulgaria, part of Czech Republic-based KORADO Group, said in an emailed statement.

Allocating a lower dividend to shareholders will help the company channel more funds into its planned expansion, it said.

KORADO Bulgaria also said that it closed last year with an audited profit of 4.38 million levs ($2.43 million/2.24 million euro), down from 4.76 million levs a year earlier. Revenue fell to 57.4 million levs from 59.06 million levs. The company's output decreased to 449,701 radiators last year from 600,857 in 2021.



Посетете и изберете. Радиатор подходящ за термопомпи. RADIK V-POWER

Това ме интересува
This website uses cookies.

We use cookies to personalize content and ads, provide social media features and analyze our traffic. We also share information about the use of our site with our social media, advertising and analytics partners. They may use the data together with other information they collect about you while using their services.

Allow all