tiprankstipranks
Grand Banks Yachts Reports Stellar Profit Growth
Company Announcements

Grand Banks Yachts Reports Stellar Profit Growth

Grand Banks Yachts (SG:G50) has released an update.

Don't Miss our Black Friday Offers:

Grand Banks Yachts Limited has reported a significant net profit increase of 92.8% to S$10.9 million for the nine months ending March 2024, reaching a multi-year high, with a substantial growth in revenue and gross profit margin. The company experienced a 20.7% revenue increase and improved gross profit margins from 28.3% to 38.0%, thanks to accelerated boat-building activities and increased orders. Despite potential economic headwinds, the luxury yacht builder is expanding its manufacturing capacity and remains focused on maintaining a robust order book.

For further insights into SG:G50 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskGrand Banks Yachts Expands Operations to California
TipRanks Singapore Auto-Generated NewsdeskGrand Banks Yachts Sees Profit Surge Amid New Models
TipRanks Singapore Auto-Generated NewsdeskGrand Banks Yachts Announces Board Changes
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App