Luxury yacht maker Grand Banks Yachts reported a net loss of $1.9 million for the second quarter ended 31 December 2009 compared to a net loss of $2.5 million for the same period last year as market and economic conditions remained unfavourable.
Turnover declined to $7.8 million in the current quarter from $15.6 million a year ago, representing a drop of 49.9%.
