(Alliance News) - Frontier Developments PLC on Friday said it expects revenue for its current financial year to be at the top half of consensus expectations, as it also announced upcoming video game releases for the period.
Shares in the Cambridge-based video game developer were up 8.2% at 2,250.00 pence on Friday in London.
At the Gamescom: Opening Night Live event on August 27, Frontier announced three new releases, including Jurassic World Evolution: Complete Edition for the Nintendo Switch, turn-based combat strategy shooter Lemnis Gate, and physics-based co-op platformer Struggling.
Lenmis Gate is due to launch on PC, PlayStation 4 and Xbox One early in the 2021 calendar year.
Frontier Developments said that, for the year to the end of May, it is well placed, with sales across all its games for the year-to-date being consistent with expectations.
Considering the group's actual performance, and projections for the financial year as a whole, revenue is expected to be within the top half of consensus expectations, which is between GBP83 million and GBP95 million.
For the year before, Frontier Developments recorded revenue at GBP89.7 million.
"We've announced further releases to an already exciting line-up for FY21. Our team has done an amazing job developing strong releases for all four of our existing titles, and I am also looking forward to seeing the reaction to our first two Frontier Foundry games - Struggling and Lemnis Gate," said Chief Executive David Braben.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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