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Warpaint London PLC - Buckinghamshire-based colour cosmetics maker - Says sales in the first half ended June 30 to rise 30% year-on-year to £24 million from £18.4 million a year prior. Revenue is ahead of expectations and company record as Warpaint hails ‘strong trading’ so far in 2022.
Margins have also ‘improved’. ‘Despite inflationary headwinds and continued high transport costs, the group's gross profit margin for the year to date has been in excess of that achieved for the 2021 full year,’ Chair Clive Garston says.
‘As in previous years, the group's sales are expected to remain second half weighted, reflecting Christmas seasonal sales, and with the group having a strong current order book, ahead of the level at this time last year, I am confident that the group will continue to perform well for the remainder of the year.’
Current stock price: 127.05 pence, up 12%
12-month change: down 25%
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