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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.