The shareholders decided 1.37 mln leva (700,500 euros), accounting for 10% of the profit, to be allocated to the Reserves Fund, while 50% of the remaining sum (or 5.93 mln leva) to be distributed as dividend.
As a result the shareholders will receive 0.8 leva dividend per share. The shareholders voted down a proposal for additional remunerations for the supervisory and managerial bodies of the company.
Bulgartabac Holding booked 40.89 mln leva (20.9 mln euros) operating revenue for 2007, down by 14.21% year on year. The decline may be put down mainly to the 67.68-percent drop in the dividends of the holding company from subsidiaries in 2007, compared to 2006.
Bulgartabac Holding's royalties totaled 22.36 mln leva (11.43 mln euros) in 2007, up 2.25% year on year. The revenue from tobacco sales amounted to 9.81 mln leva (5.01 mln euros), up by 128.39%, compared to 2006.
Bids for Bulgartabac Holding's stock currently range between 20 and 26 leva per share. The asks stand at 30 and 36.5 leva per share.