Financial Data

During the last three years of operation (1999-2001) LEON GAS shows an impressive increase of its turnover. During the years 1999-2000 increased by 64% reaching the 12,9 mil EURO. On 2001, the enterprise`s turnover came up to 13,5 mil. EURO, occurring an increase of 5% compared the last financial year.
Nevertheless, the company sales cost has been correspondingly increased. More specifically during the years 1999-2000 it showed an increase of 66,5%, and on 2000-2001 it has been increased by 7,8%. A small therefore gradual decline results on gross profit framework, which from 15% on 1999 decreased to 11,3% on 2001.




40.000 40.000 40.000
Fyrom 5.000 5.000 5.000
┴lbania 10.000 10.000 10.000
ďurkey 0 10.000 20.000
Total 55.000 65.000 85.000
Exports results within the Balkans and Turkey area.

An expected increase is seen on administrative operational expenses (6% during the years 1999-2000 and 8% the years 2000-2001). The distribution operational expenses play a significant role Partial Operating Results formation that on 1999 were the 18% of enterprise`s turnover. On 2000 and 2001 however they have showed a decrease and are in an average the 11% of its turnover.

These specific expenses are in high levels because the Company is obtaining quite a few quantities that are destined for Northern Greece from Aspropyrgos Refineries (the cost of
transport to Xanthi is $60/ton), and due to the price war tension among the competitive companies, it is not in position to drag such cost entirely to its customers.

Conclusively and as we can see from the Company`s Results, the sales cost and operational expenses of distribution are not supported by the relevant sales not so by a point of quality but the selling price of LPG per ton. It is reflected as a result on Company`s loses on 1999 and 2001.

The account of the other operating incomes consists of OAED subsidies partially for company`s personnel, and the account of non-recurring and non-operating incomes includes a part of equipment depreciations from the initial investment that has been subsided by the developmental law 1892/90.      

  LEON GAS S.A TEL: +30210 6833010, FAX: +30210 6833099  
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