<div class=newsTextDataWrapInner>SINGAPORE (May 14): Grand Banks Yachts reversed out of the red with a nine-year-high net profit of S$1.9 million for the 3Q ended March, compared with a net loss of S$1.1 million a year ago.</div>

<div class=newsTextDataWrapInner>3Q18 revenue surged 80.7% to S$23.8 million, from S$13.2 million a year ago.</div>

<div class=newsTextDataWrapInner>This was mainly due to increased revenue recognition from sales of two stock boats and a trade-in boat during the quarter, as well as yachts reaching<a href="https://www.theedgesingapore.com/grand-banks-yachts-swings-back-profitability-3q-earnings-19-mil" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (May 14): Grand Banks Yachts reversed out of the red with a nine-year-high net profit of S$1.9 million for the 3Q ended March, compared with a net loss of S$1.1 million a year ago.

3Q18 revenue surged 80.7% to S$23.8 million, from S$13.2 million a year ago.

This was ...

Grand Banks Yachts swings back to profitability with 3Q earnings of S$1.9 mil

Asian shares were subdued on Thursday and the dollar was on the defensive after US data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve (Fed) could take next year.

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Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if US President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 US jobs.

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