The mainboard listed builder of yachts has proposed an interim dividend of 0.5 cents per ordinary share as a result. It said that its higher earnings could be attributed to the high level of boat-building activity at its facility in Pasir Gudang, Johor, Malaysia.
Grand Banks Yachts has reported earnings of $7.6 million for the 1HFY2025 ended Dec 31, 2024, a marginal 9.2% increase from the $6.9 million in the same period a year before.
Earnings per ordinary share for 1HFY2025 rose to 4.05 cents, while net asset value per ordinary share increased to 51.07 cents as at Dec 31, 2024.
