Grand Banks Yachts Limited reported earnings results for the first quarter ended September 30, 2013. For the quarter, the company reported revenue of SGD 9.5 million compared to SGD 6.5 million a year ago. Loss from operations was SGD 0.4 million compared to SGD 1.3 million a year ago.

Net loss was SGD 0.6 million compared to SGD 1.4 million a year ago. Operating cash flow was SGD 0.6 million, driven by positive working capital changes, significantly reversed the negative cash flow of SGD 1.7 million for first quarter of 2013.