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Grand Banks Yachts ( (SG:G50) ) has provided an announcement.
Grand Banks Yachts Limited reported a significant increase in its net order book to S$119.5 million, reflecting a growing demand for its luxury yachts. Despite a rise in revenue by 14% for the first nine months of FY2025, the company’s net profit after tax decreased slightly due to a sales mix with a higher proportion of lower-margin trade-in boats and increased costs for product enhancements.
More about Grand Banks Yachts
Grand Banks Yachts Limited is a prominent player in the luxury yacht industry, known for its Grand Banks, Palm Beach, and Eastbay brands. The company focuses on the design and manufacture of high-end yachts, catering to a global market of luxury boat enthusiasts.
Average Trading Volume: 75,258
Technical Sentiment Signal: Buy
Current Market Cap: S$99.82M
Learn more about G50 stock on TipRanks’ Stock Analysis page.