MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Frontier Developments profit increases in H1 on improved revenue, margins

StockMarketWire.com

Video games publishing company Frontier Developments reported higher profit in the first half of the year on improved revenue and margins.

For the six months to 30 November 2020, pre-tax profit rose £6.5 million from £5.4 million year-on-year as revenue rose to 15% to £36.9 million

Gross profit margin grew to 71% from 67% thanks to 'lower average distribution costs, including lower digital store commission rates on some services, and a greater proportion of revenue from own-IP titles versus licenced IP titles,' the company said.

Looking ahead to fiscal 2022, the company said it anticipates 'significant growth from the continued strong performance of our existing portfolio alongside contributions from an exciting line‐up of new games, including two multi‐platform releases incorporating major global IP licenses and a number of Frontier Foundry titles.'



At 9:09am: (LON:FDEV) Frontier Developments PLC share price was 0p at 2540p


Story provided by StockMarketWire.com