Grand Banks Yachts

Grand Banks Yachts Q3 profit falls 42.4% to S$2.3 million on weaker margins, higher costs

Revenue in Q3 grew nearly 38% year on year on the back of a rise in boat-building activity, says the luxury recreational yacht manufacturer

Grand Banks Yachts' rise in net profit is driven by increased boat-building activities and higher sales.

Grand Banks Yachts H1 profit jumps 91.7% to S$6.9 million; declares interim dividend of S$0.005 a share

LUXURY yacht builder Grand Banks Yachts on Tuesday (Feb 13) posted a net profit of S$6.9 million for the first half ended Dec 31, 2023, climbing 91.7 per cent from S$3.6 million in the corresponding y...

The pandemic nudged Grand Banks into rethinking its processes and making them more efficient, says CEO Mark Richards.
TOPLINE

Grand Banks Yachts pushes full steam ahead to capture wave of demand

After taking advantage of the pandemic to retool its processes, the shipbuilder is ready to handle a flood of new customers

Grand Banks' cruising through crisis
TOPLINE

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.

CSC has sufficient construction materials in Singapore despite Malaysia MCO 3.0

CSC has sufficient construction materials in Singapore despite Malaysia MCO 3.0

ENGINEERING specialist CSC Holdings said its Singapore foundation operations has maintained "sufficient stock" of key construction materials that are typically supplied from Malaysia.

Corporate digest

Corporate digest

OFFSHORE and marine company Falcon Energy on Tuesday said that the High Court has extended its debt moratorium by about one more month to Nov 30 from Oct 26 previously.

Champion sailor turns Grand Banks shipshape

Champion sailor turns Grand Banks shipshape

Luxury boat maker nets 10-year record profit on stronger sales and better margin.

Luxury yacht builder Grand Banks anchors US presence with Florida yard purchase

Luxury yacht builder Grand Banks anchors US presence with Florida yard purchase

MAINBOARD-LISTED Grand Banks Yachts is set to acquire a Florida yard and turn it into its official US headquarters, in a bid to consolidate its presence in the world's biggest boat market.

Grand Banks Yachts to buy Florida marina for US$3.2m

Grand Banks Yachts to buy Florida marina for US$3.2m

GRAND Banks Yachts on Monday said it plans to buy the Stuart Service Yard in Florida to serve as its official US headquarters.

Grand Banks Yachts swings into the black in Q1

Grand Banks Yachts swings into the black in Q1

GRAND Banks Yachts managed to swing to a net profit of S$1.2 million in the first quarter ended Sept 30, from a net loss of S$1.3 million in the year-ago period.