Grand Banks Yachts, the Mainboard-listed builder of the prestigious Grand Banks, Eastbay and Palm Beach boats, has reported earnings of $4.7 million for the 2HFY2022 ended June, nearly 20 times higher than the earnings of $244,000 in the same period the year before.The earnings surge in the 2HFY2022...

Grand Banks Yachts (GBY) expects to report a net loss for the 1HFY22, advising shareholders and potential investors to exercise caution when dealing in its shares. In a filing, GBY CEO Mark Richards said the loss is mainly due to the prolonged shutdown of the company’s manufacturing facility in Pa...

Grand Banks Yachts (GBY) expects its 1QFY22 revenue to decline 53.3% to $11.5 million y-o-y, due to the prolonged shutdown of its manufacturing facility. In a filing, GBY CEO Mark Richards says the three months ended Sept 30 was a challenging quarter, as the company faced several disruptions to op...

LUXURY boat-maker Grand Banks Yachts appears to be cruising through the Covid-19 storm.

Grand Banks Yachts will be halting operations at its manufacturing yard in Pasir Gudang, Johor between June 1 to June 14 in view of Malaysia’s movement control order (MCO). The halt in operations is in compliance with the MCO’s stipulations in which only activities and services deemed essential ...

It will be business as usual for Grand Banks Yachts during Malaysia’s Movement Control Order (MCO), which will take place from Jan 13 to Jan 26. The group’s manufacturing yard in Pasir Gudang, Johor, has received approval to continue its operations during the period. Workers directly involved in...

SINGAPORE (Feb 13): Grand Banks Yachts has reported that earnings for its Q2FY2020 increased by 329.8% y-o-y to $361,000. Revenue in the same period increased by 10.1% to $19 million. The company’s order book, as at Dec 31 2019, has reached a ten-year-high of $63.9 million. This came about after ...