Frontier Devs’ losses increase on investment

 
Oliver Smith
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CAMBRIDGE-based video-game developer Frontier Developments posted a wider loss for the six months to 30 November yesterday knocking shares.

Frontier iterated its expectations of seeing revenue double in its full year to £19m and shares rose 0.21 per cent yesterday to 240p.

The company posted a loss of £1.9m, widened from a loss of £1.6m during the same period last year, despite a rise in revenue to £7.3m, up from £5m due to higher operating expenses, as it continued to invest in its self-published titles. Self-published titles accounted for 55 per cent of its revenue, compared with three per cent in the previous year.