Belovo Paper Mill AD to Allocate 0.071 leva Gross Dividend Per Share

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The General Meeting of Shareholders in Belovo Paper Mill AD approved the allocation of 411,266 leva as dividend which is 0.071 leva gross dividend per share ( 0.06603 leva net dividend), BSE-Sofia's website reported.

Ex-dividend date is June 19, 2007.

Another decision made was to set the remaining 959,618 leva from last year's profit (in the amount of 1.371 mln leva) as undistributed profit.

Belovo Paper Mill AD posted a net profit in the amount of 321,000 leva in 1Q compared with 268,000 leva a year ago.

The company has a core capital in the amount of 5.748 mln leva and its shrared capital stands at 19.558 mln leva. Padilux S.A controls 47.39% of the company's capital and SCA Hygiene Products Holding Gmbh and Pabolux S.A have 28.42% and 20.68 % respectively.

The last deal involving the stock of the company on the BSE was made on May 22 at 4.43 leva per share.

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