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Grand Banks Yachts expects 1QFY22 revenue to decline 53.3% y-o-y due to prolonged shutdown

Khairani Afifi Noordin
Khairani Afifi Noordin10/27/2021 06:50 PM GMT+08  • 2 min read
Grand Banks Yachts expects 1QFY22 revenue to decline 53.3% y-o-y due to prolonged shutdown
The company faced several disruptions to operations at its manufacturing facility in Pasir Gudang
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Grand Banks Yachts (GBY) expects its 1QFY22 revenue to decline 53.3% to $11.5 million y-o-y, due to the prolonged shutdown of its manufacturing facility.

In a filing, GBY CEO Mark Richards says the three months ended Sept 30 was a challenging quarter, as the company faced several disruptions to operations at its manufacturing facility in Pasir Gudang, Johor, in compliance with the Movement Control Order.


See: Grand Banks Yachts halts operations at Pasir Gudang yard due to MCO

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