Warpaint London upgrades annual profit guidance

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Cosmetics company Warpaint London upgraded its annual profit guidance as sales continue to bounce back following an easing of lockdowns.

Adjusted pre-tax profit for the year through December was now expected to be ahead of both the £2.3 million achieved in 2020 and the £5.2 million achieved in 2019, the company said in a trading update.

Sales, meanwhile, would be above the £40.3 million achieved in 2020 and similar to the £49.3 million achieved in 2019.

'This has been driven by growth both from existing customers and those new to the group, and is despite continuing Covid-19 related disruption in 2021, particularly with government imposed lockdowns in the early part of the year.'