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Grand Banks Yachts 4Q earnings surge more than sixfold to $6.24 mil

Samantha Chiew
Samantha Chiew8/29/2018 10:18 PM GMT+08  • 2 min read
Grand Banks Yachts 4Q earnings surge more than sixfold to $6.24 mil
SINGAPORE (Aug 29): Grand Banks Yachts' 4Q18 earnings increased more than sixfold to $6.24 million, compared to $1.01 million in 4Q17.
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SINGAPORE (Aug 29): Grand Banks Yachts' 4Q18 earnings increased more than sixfold to $6.24 million, compared to $1.01 million in 4Q17.

This brings FY18 earnings to a 10-year high of $9.46 million, a significant increase from $0.52 million in FY17.

Revenue for the quarter was however 9.6% lower at $18.0 million from $19.9 million a year ago. This was mainly due to fewer in trade-in boat sales.

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