Elprom ZEM AD Not To Distribute Dividend For 2006

Shareholders in Elprom ZEM-AD Sofia decided not to distribute dividend for 2006, BSE Sofia reported.

The general meeting of shareholders in the company decided that 957 514.44 leva from 2006 profit which is in the amount of 2.258 mln leva will be used to cover losses from prior periods and 1.3 mln leva will remain as undistributed profit.

Elprom ZEM AD posted a net non-consolidated profit in the amount of 64,000 leva for 2007 first quarter against 223,000 leva for the respective period a year ago.

Towards end of March 2007 the company's assets stood at 16.356 mlnleva against 15.283 mln leva last year. The company's core capital is 1.213 mln leva and its shared capital stands at 11.21 mln leva.

ZMM – Bulgaria Holding controls 79.75% of its capital.

110 shares of Elprom ZEM changed hands today at prices between 21.36 leva and 22.00 leva/share. The average price on the position dropped 2.47% to 21.76 leva.

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