Ex-Dividend Date For Petrol AD Today

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Today, 21 June is ex-dividend date for trade with the stock of Petrol AD.

The general meeting of shareholders approved dividend distribution in the amount of 50% of 2006 profit or 8.426 mln leva (4 308 145.390 euros), which is 0.0771 leva gross dividend per share.

In 2005 the company distributed 0.0066 leva dividend per share and in 2004 – 0.1192 leva per share.

For 2007 first quarter Petrol AD posted net consolidated loss in the amount of 3.258 mln leva (1 665 788.948 euros) or is 0.03 leva per share, compared with a positive result at 371,000 leva (189 689 euros) for the respective period a year ago.

Net sales revenues of the company stand at 229.662 mln leva (117,424 euros) or 27.42% down against first quarter last year. On the other hand financial revenues double to 2.002 mln leva (1,023 606 euros) .

Petrol Holding controls 69.9% of the company's capital and Naftex Oil Shipping Corporation Limited (UAE) has 18.84%. The company's stock was traded at levels between 4.63 and 4.80 leva/share on the BSE yesterday.

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