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BRIEF-Grand Banks Yachts expects net loss for quarter ended 31 March 2017
April 21, 2017 / 10:49 AM / 5 months ago

BRIEF-Grand Banks Yachts expects net loss for quarter ended 31 March 2017

April 21 (Reuters) - Grand Banks Yachts Ltd:

* Group is expected to report a net loss for quarter ended 31 March 2017

* Expected results due to extensive additional hours incurred for construction of first grand banks 60, which will be expensed in Q3

* Group will record an unrealised qtrly exchange loss arising from strengthening of Australian Dollar against Malaysian Ringgit and U.S. Dollar Source text for Eikon: Further company coverage:

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