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Grand Banks Yachts Returns to Profit in Fiscal Q3, Order Book Reaches $121 Million

MT Newswires ·  {{timeTz}}

05 :14 AM EDT, 05/26/2022 (MT Newswires) -- Grand Banks Yachts (SGX:G50) logged a net profit of SG$800,000 in the fiscal third quarter ended March 31, reversing the net loss of SG$700,000 the company booked in the fiscal first half of the year.

The company said despite facing several COVID-19-related operational halts at its Malaysian yard for almost three months, it managed to book a profit in the most recent quarter, according to a Wednesday filing.

The manufacturer of luxury motor yachts said it received seven orders in the January-March period, taking its order book to a "record high" of SG$166.8 million ($121.3 million).

Price (SGD): S$0.29, Change: S$0.00, Percent Change: 0.00%

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