Chief executive’s statement
Frontier IP is in a strong position: we have strengthened our team and are strengthening management across the portfolio as several companies approach significant commercial, technical, and industrial inflection points. We are confident of the Group’s prospects for the remainder of the year.
Neil Crabb, Chief Executive Officer
Financial highlights
Frontier IP has consistently delivered strong results. Here are the latest for the half year to 31 December 2020.
£23,449,000
Fair value of our portfolio increased by 43%
December 2019: £16,351,000
£3,033,000
Profit before tax increased by 45%
December 2019: £2,088,000
£4,009,000
Unrealised profit on the revaluation of investments
December 2019: £3,024,000
5.56p
Basic earnings per share
December 2019: 4.66p
£3,818,000
Cash balances at 31 December 2020
30 June 2020: £2,968,000
£184,000
Revenue from services increased by 8%
December 2019: £170,000
56.8p
Net assets per share
December 2019: 46.6p
