Grand Banks Yachts Limited announced earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported revenues of SGD 12,576,000 compared with SGD 11,386,000 for the same period a year ago. Profit before tax was SGD 82,000 compared with SGD 113,000 for the same period a year ago. Net profit was SGD 417,000 or 0.23 cents per share compared with SGD 364,000 or 0.20 cents per share for the same period a year ago. For the six months, the company reported revenues of SGD 25,608,000 compared with SGD 25,432,000 for the same period a year ago. Profit before tax was SGD 120,000 compared with SGD 2,126,000 for the same period a year ago. Net profit was SGD 618,000 compared with SGD 1,588,000 for the same period a year ago.