Balkancar-Record Sets Profit To Reserves Fund

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At a general meeting held 16 June shareholders in Balkancar-Record AD Plovdiv decided that the company will not pay dividend for 2006, BSE reports.

Shareholders decided to set 2006 profit which is in the amount of 615 163.17 leva as well as retained profit from prior periods in the amount of 937 441.14 leva to the Additional Reserves Fund.

Shareholders also decided that uncovered loss for 2005 (163 730 leva) will be covered using funds from the Additional Reserves Fund.

The company's core activities include the production, maintenance and trade with forklift trucks, components, spare parts as well as providing other goods and services.

Principal shareholders in the company are Record Car AD controlling 66.59% of the capital and Stroyinvest Ltd Haskovo holding 17.23%.

15 shares of the company changed hands on the BSE today at 13.12 leva.

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