Warpaint London plc (LON:W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, has announced that at the Annual General Meeting of the Company to be held at 11am today, Clive Garston, Chairman of the Company, will make the following statement:
“Whilst trading conditions remain challenging as a result of the COVID-19 pandemic, sales in the first half of 2020 have been at a higher level than anticipated, albeit significantly below the first half of 2019. There has been an improvement in margin, no erosion of cash and a positive EBITDA for the first 6 months of the current year.
“The Group has a sound financial footing and we are actively implementing our strategy for growth. We look forward to the remainder of the year with cautious optimism.”