Grand Banks Yachts Limited reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2018. For the quarter, the company reported revenue of SGD 17,991,000 against SGD 19,901,000 a year ago. Profit from operations was SGD 2,809,000 against SGD 1,229,000 a year ago. Profit before tax was SGD 2,699,000 against SGD 2,086,000 a year ago. Net profit for the period was SGD 6,241,000 against SGD 1,012,000 a year ago. Cash flows from operating activities were SGD 545,000 against SGD 6,681,000 a year ago. Purchase of property, plant and equipment was SGD 2,837,000 against SGD 1,624,000 a year ago. Diluted earnings per share were 3.37 cents against 0.55 cents a year ago. For the full year, the company reported revenue of SGD 83,492,000 against SGD 58,701,000 a year ago. Profit from operations was SGD 5,772,000 against SGD 647,000 a year ago. Profit before tax was SGD 5,902,000 against SGD 930,000 a year ago. Net profit for the period was SGD 9,463,000 against SGD 521,000 a year ago. Cash flows from operating activities were SGD 1,835,000 against SGD 5,111,000 a year ago. Purchase of property, plant and equipment was SGD 7,669,000 against SGD 5,572,000 a year ago. Diluted earnings per share were 5.11 cents against 0.28 cents a year ago. Net asset value per share as at June 30, 2018, was 30.41 cents against 24.54 cents a year ago.