Yugoslav line in profit

PUBLISHED : Friday, 30 May, 1997, 12:00am
UPDATED : Friday, 30 May, 1997, 12:00am

Yugoslav shipping line Jugooceanija of Kotor, Montenegro, reported a profit of US$3 million in the first four months of the year, the Belgrade newspaper Politika reports.

The company expects total 1997 income to reach about $37 million after the freeing of 15 of its ships which were 'frozen' by five years of war-related sanctions against Yugoslavia.