At a general meeting last week shareholders in Sopharma Logistics (

) decided to set undistributed profit from prior periods (1997-2006) to the Reserves Fund, and to use some of the money to cover accrued losses.

Sopharma Logistics has accrued a total of 1.626 mln leva (831,360 euros) in undistributed profit over the past 10 years. The company will set 156,525 leva from undistributed profit for the period 1997-2005 (which came to 1.565 mln leva in total) to the Reserves Fund, and another 821,025 leva will go to the Additional Reserves Fund.

The rest of the money will be used to cover losses from prior periods in the amount of 587,703 leva (300,487 euros).

The biggest part of the company's 2006 profit, which stands at 60,648 leva, will go to the Additional Reserves, and 6,065 leva will be added to the General Reserves.

The stock dropped 0.31% to an average of 3.19 leva on Monday, when 225 shares changed hands at levels between 3.160 leva and 3.220 leva.