Bulgaria s TBS Group grows cons net profit, revenue in Q1 Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.
SOFIA (Bulgaria), May 28 (SeeNews) - Bulgaria s Telelink Business Services Group (TBS Group) [BUL:TBS] said that its consolidated net profit increased to some 5 million levs ($3.1 million/2.6 million euro) in the first quarter of 2021 from 3.5 million levs in the same period of 2020, backed by higher revenue.
The company s revenue rose to 41.7 million levs in the first three months of this year from 37.2 million levs levs in the comparable period a year earlier, TBS Group said in an interim financial statement on Thursday.
TBS Group s expenses went up to 36.1 million levs from 33.2 million levs in the first quarter of 2020, due to higher expenses for hired services.
Major shareholders in Bulgaria s TBS Group to offer 7% stake on BSE Photo: Telelink Business Services / All rights reserved.
SOFIA (Bulgaria), May 28 (SeeNews) - Bulgaria s Telelink Business Services Group (TBS Group) [BSE:TBS] said that three of its major shareholders will sell up to 875,000 shares, representing 7% interest in the company, in a third tranche of offering on the Bulgarian Stock Exchange.
Lyubomir Minchev, Ivo Evgeniev and Spas Shopov sold roughly 14% interest in TBS Group in the first two tranches of the offering, held in June 2020 and September 2020.
The 875,000 shares will be offered at a price of 13.5 levs ($8.45/6.90 euro) apiece, TBS Group said in a stock exchange filing late on Thursday.
Bulgaria s TBS Group plans to lift max price of share repurchase programme Photo: Telelink Business Services / All rights reserved.
SOFIA (Bulgaria), May 17 (SeeNews) - Bulgaria s Telelink Business Services Group (TBS Group) [BSE:TBS] said on Monday that it is seeking the approval of its shareholders to increase the maximum price of its share repurchase programme to 20 levs ($12.4/10.2 euro) per share from 13 levs per share currently.
All other parameters of the programme, which will run until June 30, 2023, will remain unchanged, TBS Group said in an invitation for a shareholders meeting.
The proposal will be put to a vote on June 21.
The programme envisages the repurchase of up to 10% of the company s capital but no more than 3% per calendar year. The programme s maximum price was already increased once - to 13 levs from the initial 11 levs per share.
Bulgaria s TBS Group planning to skip dividend for H2 2020 Photo: Telelink Business Services / All rights reserved.
SOFIA (Bulgaria), May 17 (SeeNews) - Bulgaria s Telelink Business Services Group (TBS Group) [BUL:TBS] said on Monday that it is planning to skip dividend distribution for the second half of 2020, after paying an interim dividend of 0.4803 levs ($0.2983/0.2456 euro) per share for the first half of the year.
TBS Group s shareholders will vote on the proposal at a meeting scheduled for June 21, the company said in an invitation for the meeting.
The company booked a net profit of 7.4 million levs in 2020, of which 6 million levs were distributed as interim dividend. The remaining part will be allocated to the company s reserve fund.
SOFIA (Bulgaria), March 2 (SeeNews) - Bulgaria's Telelink Business Services Group (TBS Group) [BUL:TBS] said that its consolidated net profit grew to 1