Grand Banks Yachts Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Months Ended June 30, 2015; Reports Property, Plant and Equipment Written Off for the Fourth Quarter Ended June 30, 2015
For the full year the company reported revenue of SGD 39,190,000 compared to SGD 40.349,000 a year ago. Loss from operations of SGD 4,736,000 compared to profit from operations of SGD 1,299,000 a year ago. Loss before taxation of SGD 4,538,000 compared to profit before taxation of SGD 1,042,000 a year ago. Net loss for the period of SGD 4,799,000 compared to profit for the period of SGD 1,033,000 a year ago. LBITDA of SGD 1,958,000 compared to EBITDA of SGD 2,757,000 a year ago. Cash flow from operating activities of SGD 2,665,000 compared to SGD 1,498,000 a year ago. Purchase of property, plant and equipment of SGD 3,031,000 compared to SGD 922,000 a year ago. On fully diluted basis loss per ordinary share attributable to shareholders of 2.62 cents compared to profit per ordinary share attributable to shareholders of 0.66 cents a year ago. Net asset value per ordinary share based on existing issued share capital at the end of the respective financial period of 22.54 cents compare to 23.66 cents a year ago.
For the quarter, the company reported property, plant and equipment written off of SGD 11,000 compared to SGD 6,000 a year ago.