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Bulgaria's Elana Agrocredit posts flat 9-mo net profit

Bulgaria's Elana Agrocredit posts flat 9-mo net profit Photo: Elana Agrocredit / All rights reserved.

SOFIA (Bulgaria), October 26 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:EAC] said that it closed the first nine months of the year with a net profit of 2.5 million levs ($1.5 million/1.3 million euro), little changed in comparison with the profit recorded in the same period of 2020.

Elana Agrocredit's revenue fell to 6.1 million levs in January-September 2021, from 6.9 million levs in the same period of 2020, the company said in an interim financial statement on Monday.

The company's expenses also decreased in the review period - to 3.3 million levs from 4.1 million levs a year earlier, mostly due to lower cost of goods sold.

On Monday, shares in Elana Agrocredit closed 0.89% lower at 1.11 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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