Medica To Distribute 3.00 Leva Dividend per Share

Medica To Distribute 3.00 Leva Dividend per Share

Medica AD will distribute 3 leva (1.53 euros) gross dividend per share, or 2.85 leva (1.45 euros) net dividend per share, it was decided at the general shareholders' meeting of the company, reported.

The dividend payment will be carried out through the Central Depository, starting June 16, 2008.

The final date for sealing deals in Medika's stock, which will grant shareholders dividend rights is set for April 30, 2008.

Medica forecasts 1.8 mln leva (920,300 euros) profit for 2008, compared to 1.318 mln leva (673,900 euros) profit booked for the previous year.

The company forecasts 14.9 mln leva (7.61 mln euros) sales revenue this year, which would represent an 11-percent year on year increase.

Medica's investment program envisages the purchasing of new equipment and the setting up of a new warehouse for the storage of medical products, as well as investments related to the establishment of new products on the market.

The company plans to make investments for 4 mln leva by the end of the year. No deals have been sealed on the position of Medica so far today on the Bulgarian Stock Exchange (BSE). Bids/asks stand at 135/141 leva per share.

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