April 24 (SeeNews) - Bulgarian financial services company Lenno said that its net profit soared to 2 million levs ($1.1 million/1.0 million euro) in 2018 from 282,000 levs in 2017.
Lenno's total revenue rise 137% year-on-year to 5.8 million levs, the company said in an annual financial report.
The company's net interest income more than tripled to 3.3 million levs from 1.0 million levs in 2017.
Lenno's assets grew to 22.5 million levs at the end of 2018 from 13.7 million levs at the end of 2017.
Lenno placed a 500,000 euro bond issue earlier this year.
In December 2017, Lenno acquired local brokerage Balkan Investment Company and in January 2019 renamed it to Lenno Global Advisory.
(1 euro = 1.95583 levs)