Grand Banks Yachts exits SGX watch-list
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Singapore
LUXURY boat maker Grand Banks Yachts is off the Singapore Exchange's (SGX) watch-list from Thursday, marking a turnaround for the hitherto troubled firm which entered the list in 2011.
Stronger demand for luxury boats in North America and Asia had lifted its earnings - the firm reported a full year net profit of S$1.03 million in August, against a loss of S$5.2 million last year.
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