- Frontier Developments' earnings before interest, tax, depreciation and amortisation rose to £6.1m in the year to the end of May - 1,790% up on last time.

Frontier - a leading developer of video games - reports record revenues following the successful launch of 'Elite Dangerous' in December.

Revenues were up 139% at £22.8m and the group posts an adjusted operating profit of £2.5m against a loss of £3.5m last time.

Chief executive David Braben said: "This has been a great year for us, and the first part of our transition has been successfully completed. The process of the beta and then release of Elite Dangerous went very smoothly and the regular delivery of new elements for the game has helped build an ever-growing fan base. With our first franchise about to enter its second season, and the announcement of our second, Planet Coaster, Frontier is in a very strong position, and very well placed for an exciting future and further revenue growth."

At 8:22am: [LON:FDEV] Frontier Developments Plc Ord 0.5p share price was 0p at 200p

Story provided by