The shareholders of the holding also decided to use part of the undistributed profit to increase the capital using own funds and to allocate the rest to the “undistributed profit” fund.
The exact portion of the profit to be used to increase the company’s capital will be determined on the next meeting slated for 26 June 2007.
Also on 26 June 2007 shareholders will vote a proposal to increase the capital because at today’s meeting there was no quorum (the required quorum is 2/3).
Industrial Holding Bulgaria posted a net consolidated profit of 274,000 leva (0.14 leva/share) in the first quarter compared to 179,000 leva (0.09 leva/share) a year ago.
982,000 shares were transacted on this position today at 26.70-27.00 leva/share.