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Grand Banks breaks loss spell; eyes exit from watch-list
Published Wed, Aug 27, 2014 · 10:00 PM
TROUBLED luxury boat maker Grand Banks Yachts has turned around from its five-year loss streak, reporting yesterday a full-year net profit of S$1.03 million, against the preceding financial year's S$5.2 million deficit. It also plans to seek exit from the Singapore Exchange watch-list.
The earnings for the 12 months ended June 30 came on the back of a 14.5 per cent increase in revenue to S$40.3 million, its highest …
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