Frontier IP booked increases for 2018-19 across the board in terms of cash holdings, portfolio value and pre-tax profit.
UK-based commercialisation firm Frontier IP almost trebled its pre-tax profit to generate £2.4m ($3.1m) during the 2018-19 period compared with $1.2m the previous year.
The company’s statements for the year to June 30, 2019 also show a fair value portfolio increase of 47% to $16.9m from $11.9m in 2017-18.
Its cash pile stood at $1.9m at the end of the reporting period, up 36.4% year-on-year, while total revenues escalated by 81% to reach $5.5m.
Frontier IP had…
