Grand Banks Yachts Limited announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported revenues of SGD 17,257,000 compared with SGD 6,320,000 for the same period a year ago. Profit from operations was SGD 162,000 compared with loss from operations of SGD 1,488,000 for the same period a year ago. Profit before tax was SGD 153,000 compared with loss from operations of SGD 1,167,000 for the same period a year ago. Net profit was SGD 375,000 compared with net loss of SGD 1,144,000 for the same period a year ago. EBITDA was SGD 897,000 compared with LBITDA of SGD 423,000 for the same period a year ago. Cash flows used in operating activities was SGD 3,045,000 compared with cash flows provided by operating activities of SGD 1,211,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 1,759,000 compared with SGD 414,000 for the same period a year ago. Earnings per share on fully diluted basis were 0.20 cents against loss of 0.62 cents a year ago. For the quarter, the company reported revenues of SGD 42,689,000 compared with SGD 25,515,000 for the same period a year ago. Profit from operations was SGD 1,794,000 compared with loss from operations of SGD 2,753,000 for the same period a year ago. Profit before tax was SGD 2,279,000 compared with loss from operations of SGD 2,111,000 for the same period a year ago. Net profit was SGD 1,963,000 compared with net loss of SGD 2,356,000 for the same period a year ago. EBITDA was SGD 4,451,000 compared with LBITDA of SGD 23,000 for the same period a year ago. Cash flows provided by operating activities was SGD 1,523,000 compared with SGD 1,146,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 4,732,000 compared with SGD 1,716,000 for the same period a year ago. Earnings per share on fully diluted basis were 1.07 cents against loss of 1.29 cents a year ago.