tiprankstipranks
Grand Banks Yachts Sees Profit Surge Amid New Models
Company Announcements

Grand Banks Yachts Sees Profit Surge Amid New Models

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

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskGrand Banks Yachts Expands Operations to California
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