After six years of losses, Gdynia Shipyard reports profit for 1997

Gdynia Shipyard reported net profit of zl. 20 million ($5.6 million) on sales of $300 million, compared to a zl. 115 million loss on equivalent sales in 1996. Gdynia built nine vessels in 1997 and this year it plans to construct 12 ships worth a total of $400 million. Szczecin Shipyard also announced 1997 net profit of zl. 20 million on sales of $570 million, as it built 22 vessels last year. (Rzeczpospolita, Jan. 17-18, page 9, Reuters)