Socep expects lower profits

With the current euro and dollar exchange rates, Socep''s profit is likely to be half that of the previous year, company representatives say. "Given the uncertain development of the euro and dollar exchange rates with direct impact on the volume of traded freight, especially exports, a series of problems have arisen in terms of finalising budgets for this year. At the same time, due to the stronger local currency, some freight destined for export was no longer exported. In this situation, many companies have found it hard to finalise their budgets," said Petrica Valcu, general manager of Socep. ZF