Warpaint London PLC - colour cosmetics producer based in Iver, Buckinghamshire - Expects sales for 2020 of at least GBP40 million, ahead of GBP37 million forecast by the company in September. Says adjusted profit from operations - adjusted for exceptional costs, amortisation of intangible assets, and share based payments - is to exceed GBP2.2 million, up from its previous guidance of GBP2 million. For comparison, in 2019 revenue was GBP49.3 million and adjusted profit from operations was GBP5.6 million.
Cash held as at December-end was GBP4.9 million, up from GBP1.5 million on the same day in 2019.
Current stock price: 92.50 pence
Year-to-date change: up 22%
By Ife Taiwo; ifetaiwo@alliancenews.com
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Warpaint London (W7L)