Company Financials

Grand Banks achieves Q1 profitability

IBI , by Arlene Sloan2020-10-22T15:00:00

Grand Banks 54

Despite dampened business sentiment due to the COVID-19 pandemic, Grand Banks Yachts Ltd recorded quarterly revenue of S$24.6 million (€15.2m) for the three months ending 30 September 2020 – a dip of 5.7% compared to the same quarter last year.

The Asian-based builder of the Grand Banks and Palm Beach boat brands posted profitability and good sales in the first quarter of its new fiscal year, ending 30 September…

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