Chief executive’s statement
The business model is also proving its resilience. The progress of the past year has clearly been overshadowed by the events of the final quarter as a result of COVID-19 and the unprecedented steps taken to stop the spread of the virus. While I would not want to underplay the negative impact on some portfolio companies, I believe for the portfolio as a whole, there is much more potential on the upside.
Neil Crabb, Chief Executive Officer
Financial highlights
Frontier IP has consistently delivered strong results year-on-year. Here are the latest for the full year to June 2020.
£19,444,000
Fair value of our portfolio increased by 47%
2019: £13,252,000
£4,184,000
Profit before tax increased by 78%
2019: £2,350,000
£6,377,000
Total revenue and other operating income increased by 49%
2019: £4,268,000
£5,973,000
Unrealised profit on the revaluation of investments
2019: £3,850,000
8.76p
Basic earnings per share
2019: 5.77 p
£2,968,000
Cash balances at 30 June 2019
2019: £1,466,000
£404,000
Revenue from services decreased by 3%
2019: £418,000
51p
Net assets per share
2019: 41.4p
