Grand Banks Yachts Limited reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2013. For the quarter, the company reported revenue of SGD 9,488,000 compared to SGD 6,681,000 a year ago. Profit from operations was SGD 352,000 compared to loss from operations of SGD 765,000 a year ago. Profit before taxation was SGD 289,000 compared to loss before taxation of SGD 767,000 a year ago. Net profit was SGD 269,000 compared to net loss of SGD 777,000 a year ago. Net cash used in operating activities was SGD 127,000 compared to SGD 2,488,000 a year ago. Purchase of property plant and equipment was SGD 267,000 compared to SGD 376,000 a year ago.

For the six months, the company reported revenue of SGD 19,005,000 compared to SGD 13,185,000 a year ago. Loss from operations was SGD 53,000 compared to SGD 2,026,000 a year ago. Loss before taxation was SGD 273,000 compared to SGD 2,209,000 a year ago. Net loss was SGD 310,000 compared to SGD 2,223,000 a year ago. Net cash flows from operating activities were SGD 471,000 compared to net cash used in operating activities of SGD 4,236,000 a year ago. Purchase of property plant and equipment was SGD 685,000 compared to SGD 942,000 a year ago.