Raymarine have reported that their profits have plummeted by 54.4 as the yacht companies continue to struggle during the economical struggle.
The leader of Raymarine’s supply of electronic products has reported that pre-tax profits in the year to 31 December was £10.7m, with net debt up to £93.5m.
This comes as other yacht investor’s look to invest in other companies helping guide them through the recession. Many luxury yacht companies are becoming worthless as no one is looking to purchase a yacht in this economy.
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