Warpaint London reports 'robust' 1H sales and margins

28th Jun 2023 09:46

(Sharecast News) - Warpaint London said trading and margins continued to be 'robust' over the first half of 2023.

In a trading update issued ahead of its Annual General Meeting, the cosmetics supplier said sales for the six months ending on 30 June were expected to top £36m.

The company's margins were still robust and expected to exceed those achieved in 2022.

"Further progress continues to be made with expanding the Group's presence in larger retailers and we are pleased to report that the W7 brand will be launched in an initial 73 Superdrug stores in September 2023," Warpaints said.

"The Group has significant further opportunities to grow sales, both with new and existing customers, and remains in active discussions with a number of UK and overseas retailers."

It also confirmed that on 4 July it would pay out a final dividend of 4.5p per share.