The Board of Directors will propose to the Ordinary General Shareholders Meeting, which will be held in the 21st of June, a dividend distribution of € 0.10 per share, increased by 11,1 percent. Based on the closing share price on the 30.05.2006 the dividend yield arises to 3,34 percent. Moreover, the aforementioned General Meeting will decide regarding a buy-back share program in accordance with article 16, paragraph 5 of the L.2190/1920.
The Management expresses a conservative provision for the year-end that sales will increase and the fall in profits shown in the first quarter of 2006, will be constrained.
Greece based indigo denim fabric maker Hellenic Fabrics produces a wide variety of denim fabrics, differing mainly in technical characteristics such as weight, yarn type, colour, texture etc.
Hellenic Fabrics S.A. Group
marketing@alchempro.com
