The company booked 487,000 leva (249,000 euros) net profit for 2007. Joint-stock companies are obliged by law to distribute 90% pf their profit, which means that shareholders will receive 438,800 leva (224,000 euros) of the company's profit for 2007.
The final day for sealing deals in City Development's stock, which will allow the shareholders to exercise their voting rights at the meeting, is set for May 19, 2008.
The issued capital of the REIT amounts to 2.198 mln leva (1.12 mln euros), allocated in 219,000 shares with 10 leva (5.11 еурос) par value each. The bids for City Development stock stand at 12.00 leva (6.13 еурос) per share, while the asks amount to 13.15 leva (6.72 еурос) per share.