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Grand Banks' cruising through crisis
The mainboard-listed firm's order book hit a 12-year high as at end-March this year amid surging demand for luxury boats, as the rich seek Covid-friendly havens out at sea.
Published Sun, Jul 11, 2021 · 09:50 PM
LUXURY boat-maker Grand Banks Yachts appears to be cruising through the Covid-19 storm.
Its financial numbers show for it - the mainboard-listed firm's order book hit a 12-year high as at end-March this year amid surging demand for luxury boats, as the rich seek Covid-friendly havens out at sea.
Net order book stood at S$57.6 million in the six months ended Dec 31, 2020 (H1FY21), up from S$48.9 million at the end of June 2020. The firm is due to report its full-year earnings next month.
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