Home Capital Results

Grand Banks Yachts reverses into $1.1 mil net profit in 1QFY2023

Felicia Tan
Felicia Tan10/25/2022 05:30 PM GMT+08  • 2 min read
Grand Banks Yachts reverses into $1.1 mil net profit in 1QFY2023
Grand Banks Yachts' CEO Mark Richards
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Grand Banks Yachts, the Mainboard-listed builder of the prestigious Grand Banks, Eastbay and Palm Beach boats, has reported a net profit after tax (NPAT) of $1.1 million for the 1QFY2023 ended Sept 30.

In contrast, the group reported a net loss of $4.2 million in the corresponding period the year before.

According to the group, the reversal into profitability is mainly attributed to the group’s revenue, which surged 94.3% y-o-y to $22.4 million.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.