Asia
Frontage Returns to Profit in Q1
Frontage Holdings (HKG:1521) posted a net profit of $2.9 million for the first quarter, compared with a net loss of $900,000 million a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the biotech firm were up over 2% in Wednesday morning trade.Revenue rose 19% to $67.9 million from $57.1 million in the prior-year period.
HKG:1521
