The group’s revenue for 1QFY2025 saw a 29.1% y-o-y increase to $40 million from $31 million in 1QFY2024 previously, following the recognition of a previously cancelled boat contract that was resold in 1QFY2025.
Mainboard-listed Grand Banks Yachts has reported earnings of $5.4 million in 1QFY2025 ended Sept 30, up by 95% y-o-y from $2.8 million in the previous financial year.
This came on the back of reduced operating expenses in 1QFY2025, which fell marginally to $5.1 million.
