Grand Bank Yachts' (SGX:G50) after-tax profit was up 95% year over year to SG$5.4 million for the fiscal first quarter ended Sept. 30, from SG$2.8 million a year earlier, according to a filing with the Singapore Exchange on Wednesday.
Gross profit was up 29% year over year to SG$13.1 million from SG$10.1 million.
The company's revenue jumped 29% year over year to SG$40 million from SG$31 million as the yacht maker secured seven new built-to-order boats during the period.
Shares of the company surged over 5% in recent trading.
Price (SGD): S$0.58, Change: S$+0.030, Percent Change: +5.45%
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