The general meeting of shareholders of Razvitie Industry Holding decided not to allocate dividend for 2006, BSE's website reported.

The holding's shareholders decided that 10% of the company's last year profit which is in the amount of 1478.03 leva will go to the Reserves Fund and the rest of the profit (1,330.03 leva) will remain as undistributed profit.

Razvitie Industry Holding posted a net consolidated profit in the amount of 190,000 leva for 2007 1Q against a loss of 56,000 leva a year ago.

The company has a core capital in the amount of 981,000 leva and its shared capital stands at 8.171 mln leva towards March 31

A total of 4425 shares of the company changed hands today at prices ranging between 4.10 and 4.65 leva per share.