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Dec 29, 2017 12:17 EEST
December 19 (SeeNews) - Serbian state-run rail freight operator Srbija Kargo's managing director Dusan Garibovic said he expects the company's freight traffic to rise by one million tonnes to 13 million tonnes in 2018.
The increased cargo traffic will have a positive effect on the company's turnover, which is expected to increase by up to 700 million dinars ($7.1 million/5.9 million euro) next year, Garibovic said, as quoted in a statement by Srbija Kargo on Thursday.
"We expect that in 2019 we will pay a higher share of our profit to the budget of Serbia than we did this year and last," Garibovic said.
Srbija Kargo does not plan to increase its tariffs in 2018, although some operators in the region decided to do so, he added.
In April, Srbija Kargo said its net profit for the first quarter of 2017 stood at 275 million dinars, up from 40 million dinars in the like period of last year.
Srbija Kargo was established in August 2015 following the unbundling of railway operator Zeleznice Srbije into a holding company with three subsidiaries under the terms of a stand-by arrangement with the International Monetary Fund signed in February that year.
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