Warpaint London revenue and earnings improve in maiden AIM results

Specialist colour cosmetics supplier Warpaint London announced its audited results for the 12 months to 31 December on Wednesday.

The AIM-traded firm said proforma revenue increased by 21.1% to £27m, with proforma operating margins of over 25%.

It said proforma adjusted earnings per share increased by 24.6% to 8.6p.

Net cash at year-end was £3.5m, compared to £1.1m a year earlier.

The board said there was an “encouraging” start to its e-commerce strategy, with brand awareness reaching “global levels”.

Admission to AIM occurred in November 2016, with a 1.5p final dividend per share recommended.

“2016 has seen strong progress for Warpaint, including our successful admission to AIM, growth in revenues and the significant development of our now global brand,” said chairman Clive Garston.

“I am delighted with the levels of interest that has been experienced from the market in our first months of trading and would like to thank our shareholders for their support.

“I believe that the group's prospects are encouraging and that the outlook for the Group remains positive.”