Drujba Glass Factory Distributes 2.153 Leva Gross Dividend Per Share

At a general meeting held today, shareholders in Drujba Glass Factory approved the distribution of 2.153 leva gross dividend per share on 2006 income, BSE reports.

The total amount to be paid out as dividend is 14.4 mln leva (7.362 mln euros), and the rest of the profit, or 9 627 623 leva (4.922 mln euros) will remain as undistributed profit. The company's 2006 profit stands at a little over 24 mln leva (12.2 mln euros).

Principal shareholders are Barek Overseas Limited, controlling 50.71% of the capital and Glassinvest with 46.91%.

Ex-dividend date is 11 July, 2007.

Drujba Glass Factory is planning to enhance production capacity in Plovdiv factory till the end of the year, with the installation of a new furnace and a new production line for glass packaging.

The company is expecting to reach a capacity of 100 mln bottles a year. The new modern technology furnace will function in compliance with environmental sustainability standards.

Just 6 shares of Drujba Glass Factory changed hands today at an average of 88.01 leva, the market capitalization of the company currently stands at 588.75 mln leva (301.023 mln euros).

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