Grand Banks Yachts Limited provided earnings guidance for the quarter ended September 30, 2014. For the quarter, the company expected to record a loss, the loss is mainly attributable to certain inventory yachts are taking longer to sell than originally planned. The previously announced order book of SGD 19.8 million as at 31 July 2014 will be largely recognized through the remainder of fiscal year 2015; one-off professional fees and amortization costs arising from the acquisition of Palm Beach Motor Yacht Co Pty Ltd; and restructuring expenses arising from the streamlining of the group's operations.