However, gross profit margins fell from 24.6% to 20.9% on the back of the production of new boat models that required more man hours per boat to construct for the first few hulls.
SINGAPORE (Feb 10): Grand Banks Yachts reported earnings of $0.4 million in 2QFY17, a 14.6% improvement over the earnings of $0.3 million in 2QFY16.
In the quarter to December, revenue rose 10.5% to $12.6 million, as its Malaysian yard achieved more boat production hours after its reorganization.
