Grand Banks breaks loss spell; eyes exit from watch-list

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 …