Stay updated with breaking news from Eoin macleod. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Warpaint London plc (AIM: W7L), the specialist supplier of colour cosmetics and
owner of the W7 and Technic brands, is pleased to announce an update on trading for the year ended 31 December 2020.
As a result of stronger than previously anticipated trading in the second half, the board now expects sales for the year ended 31 December 2020 to be not less than £40 million. This is ahead of the board s expectation of sales of at least £37 million as announced at the time of the release of the Company s interim results for the six months ended 30 June 2020 on 23 September 2020.
The Company s board expects unaudited adjusted profit from operations , excluding a non-cash accounting charge on forward foreign exchange options for 2021, to now be in excess of £2.6 million. The Group imports most of its finished goods from China paid for in US Dollars and to help mitigate risk, forward fore ....