The UK’s largest luxury boat builder Princess Yachts has almost halved its losses after turnover sailed past the previous year’s total, despite “significant headwinds” for production such as the Covid-19 “pingdemic”.
The Plymouth-based manufacturer, which sells yachts to a global network of independent distributors, reported revenue of £312.4m to the end of December 2021 - up from £244.4m in 2020.
Loss before tax stood at £19.2m, narrowed from £38.1m a year earlier.
