Grand Banks Yachts' Attributable Profit Slides 26% in Fiscal H2; Shares Surge Over 14%
MT Newswires2025-08-29
Grand Banks Yachts' (SGX:G50) attributable profit to owners declined 26% during the fiscal second half of the year ended June 30 to SG$10.7 million from SG$14.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Shares of the company were up over 14% in Friday trading.
Earnings per share dropped to SG$0.0559 compared with SG$0.0769 in the comparable period.
Revenue was up 39% year over year to SG$95.1 million from SG$68.6 million, driven by boat sales.
The company declared a final dividend of SG$0.01 per share for the period, unchanged from a year earlier.
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