18-11-2012, 09:15 AM
(18-11-2012, 07:00 AM)dydx Wrote: 1Q results out recently.....
http://info.sgx.com/webcoranncatth.nsf/V...1003844A6/$file/GB1Q2013Result.pdf?openelement [result announcement]
http://info.sgx.com/webcoranncatth.nsf/V...1003844A6/$file/GB1Q2013PressRelease.pdf?openelement [press release]
Revenue up sharply; and GP and GP Margin reversed back to positive, even though GP Margin at 17.6% is still below the historical norm of 25/30% range. As production is being ramped up, and with more and increasing boat order now, GP and GP Margin should rise further and take care of themselves. Would Grand Banks return to positive OP, PBT and NP by 3Q? I guess it would just take 2 to 3 more boats produced and delivered in a quarter to achieve that.
Seems FCF is still negative though. Interesting to track the fortunes of this yacht company, the boardroom tussle was also interesting to follow.
Let's look at the numbers again for the next quarter.
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