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Warpaint London upgrades sales, profit guidance

By BFN News | 07:21 AM | Monday 18 January, 2021


Cosmetics group Warpaint London upgraded its annual guidance on the back of stronger-than-expected trading in the second half of 2020. Revenue for the year through December was now expected to be at least £40 million, ahead of previous guidance of at least £37 million. Adjusted profit from operations, excluding a non-cash accounting charge on forward foreign exchange options for 2021, was now expected to be in excess of £2.6 million. Including the foreign exchange charge, adjusted profit from operations would exceed £2.2 million, 10% ahead of previously stated guidance of £2 million. Story provided by StockMarketWire.com

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