Grand Banks Yachts (SG:G50) has released an update.
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Grand Banks Yachts reported a remarkable 95% surge in net profit for the first quarter of FY2025, reaching S$5.4 million, driven by a 29.1% increase in revenue to S$40 million. The SGX-listed company also introduced two new boat models, including its first vessel over 100 feet, signaling robust growth in its boat-building activities. The company’s strong financial performance highlights its improved operational efficiency and strategic product expansion.
For further insights into SG:G50 stock, check out TipRanks’ Stock Analysis page.