January 28 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:EAC] said that it closed 2021 with a net profit of 2.7 million levs ($1.6 million/1.4 million euro), slightly lower than the 2.9 million levs posted for 2020.
The company's revenue fell to 8 million levs last year from 11.1 million levs in 2020, the company said in a financial statement on Thursday.
Elana Agrocredit's expenses also decreased in the review period - to 5 million levs from 7.9 million levs a year earlier, mostly due to lower cost of goods sold.
According to data from the financial statement, Elana Agrocredit signed 133 deals to finance purchases of a total of 519.7 ha of agricultural land worth some 6.6 million levs last year.
As at 11:00 CET on Friday, shares in Elana Agrocredit traded flat at 1.07 levs on the Sofia bourse.
(1 euro = 1.95583 levs)