In 1999, turnover topped 33.85 billion drachmas, up 11.55% compared to 30.34 billion for the previous year. Operational expenses remained stable at 14.38% of sales. Pre-tax profits declined 11.4% in 1999, to 4.48 billion drachmas from 5.05 billion drachmas. Profit percentage fell to 13.24% from 16.66%.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
