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BeOne Medicines' Net Income Soars in Q1; Revenue Up

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BeOne Medicines (SHA:688235, HKG:6160) recorded a first-quarter net income surge as revenue grew year over year.

GAAP net income was $227.4 million in the first quarter, up from $1.3 million a year prior. GAAP earnings per American depository share increased to $1.96 from $0.01, according to a Wednesday Hong Kong bourse filing.

The oncology company's total revenue jumped to $1.51 billion from $1.12 billion over the period.

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