Frontier Developments profit increases in H1 on improved revenue, margins | 3 February 2021
3 February 2021 | 09:09am 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 ahea...
Source: stockmarketwire.com