Frontage Records Lower Net Profit for Nine Months to September

MT Newswires Live2024-10-29

Frontage (HKG:1521) recorded a net profit of $0.2 million for the nine months ended Sept. 30, lower than the $9.8 million net profit logged for the corresponding period last year, a Tuesday filing with the Hong Kong Exchange said.

The laboratory and related services provider's revenue for the nine months was $191.1 million, 3.6% lower than HK$XX billion booked a year ago.

The detailed financial results of the company are disclosed in the unaudited third-quarter results for 2024 of the company's controlling shareholder, Hangzhou Tigermed Consulting (HKG: 3347, SHE:300347).

The company's shares were down over 1% on Tuesday's close.

Price (HKD): $0.73, Change: $-0.010, Percent Change: -1.35%

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