19th May 2014 10:34
LONDON (Alliance News) - Video games developer Frontier Developments PLC said Monday that it has signed a contract extension worth USD1.75 million to undertake additional work under an existing development agreement with a games publisher.
Frontier Developments said the total value of the contract with the games publisher, which it didn't name, including the contract extension, is worth USD5.67 million.
The company said that the additional contract value will be earned and recognised in the group's current and next financial year.
"This contract amendment has added significance as it extends our previously fruitful relationship with this partner," said Chief Executive David Braben in a statement.
Frontier Developments has studios in Cambridge in the UK, and Halifax in Canada.
Shares in Frontier Development were trading 0.9% higher at 270.00 pence Monday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Frontier Dev