Grand Banks Yachts

The company faced several disruptions to operations at its manufacturing facility in Pasir Gudang

The company says it is unable to ascertain the financial impact of the closure yet given the fluid Covid-19 situation.

SINGAPORE (Feb 13): Grand Banks Yachts has reported that earnings for its Q2FY2020 increased by 329.8% y-o-y to $361,000. Revenue in the same period increased by 10.1% to $19 million. The company’s order book, as at Dec 31 2019, has reached a ten-year-

SINGAPORE (Dec 2): During a recent visit to Grand Banks Yachts’ yard at Pasir Gudang, Johor, its shareholders were delighted to see that the 55,000 sq m factory was running at almost full capacity. During their last site visit on Nov 23, 2017, there was

SINGAPORE (Nov 14): Grand Banks Yachts’ net profit for 1Q19 dipped 10.1% y-o-y to $1.1 million from the group’s restated earnings of $1.3 million on the back of lower revenue and higher operating expenses.

SINGAPORE (Aug 29): Grand Banks Yachts' 4Q18 earnings increased more than sixfold to $6.24 million, compared to $1.01 million in 4Q17.

SINGAPORE (May 14): Grand Banks Yachts reversed out of the red with a nine-year-high net profit of $1.9 million for the 3Q ended March, compared to a net loss of $1.1 million a year ago.

SINGAPORE (Apr 11): Grand Banks Yachts' latest Eastbay 44 vessel will make its Asian debut at the 2018 Singapore Yacht Show, which will be held at ONE°15 Marina, Sentosa Cove, between April 12-15.

SINGAPORE (Feb 26): Grand Banks Yachts is acquiring Stuart Service Yard in Florida to serve as its official US headquarters, consolidating its presence in the world’s biggest boat market.

SINGAPORE (Feb 8) Grand Banks Yachts saw its net profit swell 62.4% to $677,000 for the 2Q ended December, from $417,000 a year ago.