Frontage Holdings Reports Revenue Decline and Profit Turnaround

Frontage Holdings Corp. (HK:1521) has released an update.

Frontage Holdings Corporation reported a 3.6% decline in revenue to approximately $191.1 million for the nine months ending September 30, 2024, compared to the same period last year. The company achieved a net profit of $0.2 million, marking a turnaround from earlier losses, though adjusted net profit fell by 47.9% to about $9.5 million. The unaudited net assets of Frontage Holdings were approximately $338.2 million as of the end of September 2024.

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