StockMarketWire.com - Frontier IP said profit doubled as revenue surged 81%, driven by an increase in the value of its investment portfolio.

For the year ended 30 June, pre-tax profit jumped by 160% to £2.3m and revenue climbed 81% to £4.3m on-year.

The fair value of its portfolio rose by 47% to £13.2m, with profit on the revaluation of investments rising to £3.85m from £2.1m, driven by the performances of Exscientia and Vaccine.



At 8:16am: [LON:FIPP] Frontier IP Group PLC share price was -2.5p at 53p



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