Grand Banks Yachts' Net Profit Slides 42% in Fiscal Q3; Shares Down 5%

MT Newswires

2025/05/19

Grand Banks Yachts' (SGX:G50) net profit for the third quarter of fiscal 2025 plunged 42% to SG$2.3 million from SG$4.0 million a year earlier, according to a filing with the Singapore Exchange on Monday.

Revenue jumped 38% year over year to SG$40.1 million from SG$29.1 million, as boat-building activities gained momentum during the three months ended .

Shares of the luxury boat builder were down nearly 5% in recent trading.

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