Bulgartabac Holding a 26.5 million leva dividend

Net profit of Bulgartabac Holding AD for 2008 has amounted to 58 898 059.31 leva. Shareholders of the company decided the general meeting of its 10 percent of her / 5 889 805.93leva / to go to the Reserve Fund and the rest 50% / 26 504 126.69 leva / to be allocated for dividends announced by the company.

As a result of this decision, the gross dividend of 1 shares in the amount of 3.60 leva. Obkoto Assembly decided to allocate more tantiemi members of supervisory and management bodies of the company.

Total income from operations of Bulgartabac Holding AD for 2008 are 57 196 000 leva. They have increased by 39.89% compared to 2007. The main factor for the increase is the highest amount of dividends received from subsidiaries of 131.93% compared to dividends for 2007

Revenues from royalties for rights to the trademarks (royalties) are in the amount of BGN 18 862 000 and report a decrease of 15.63% over the previous year. Reason for this is reducing the volume of cigarette production for the domestic market. Revenue from the sale of tobacco marketing in 2008 exceeded 2007 by over 11 412 000 EUR / 116.28% and reached 21 226 000 leva.

Finance