Business
Final results for the year ended 31 December 2016
Final results for the year ended 31 December 2016.
About this update from Warpaint London Plc
[{"type":"text","content":"\n \nRNS Number : 6641E Warpaint London PLC 10 May 2017 \n\n10 May 2017\nWarpaint London plc\n(\"Warpaint\", the \"Group\" or the \"Company\")\nFinal results for the year ended 31 December 2016\n \nWarpaint London plc (AIM: W7L), a specialist supplier of colour cosmetics and owner of the W7 brand, is pleased to announce its audited results for the 12 months ended 31 December 2016.\nHighlights\n· Proforma revenue increased by 21.1% to £27 million (2015: £22.3 million)\n· Proforma operating margin over 25%\n· Proforma adjusted earnings per share increased by 24.6% to 8.6p* (2015: 6.9p*)\n· Net cash at the year end of £3.5 million (2015: £1.1 million)\n· Encouraging start to e-commerce strategy\n· Brand awareness reaching global levels \n· Admission to AIM in November 2016\n· 1.5p final dividend per share recommended\n \n*Adjusted for the £1.7 million of one off IPO costs incurred in the year (2015: £0.06 million)\n \nClive Garston, Chairman of Warpaint, commented: \"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. \n \n\"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.\" \n \n \nEnquiries:\n\n\n\n\nWarpaint London plc \nSammy Bazini - Joint Chief Executive \nEoin Macleod - Joint Chief Executive \nNeil Rodol - Chief Financial Officer \n \n\n\n020 3053 8671\n \n\n\n\n\nStockdale Securities Limited (Nominated Adviser and Broker)\nAndy Crossley, Antonio Bossi, Ed Thomas - Corporate Finance\nFiona Conroy - Corporate Broking\n \n\n\n020 7601 6100\n \n\n\n\n\nIFC Advisory (Financial PR & IR) \nTim Metcalfe \nHeather Armstrong\nGraham Herring\n\n\n020 3053 8671\n \n\n\n\n\n \nAbout Warpaint London plc\nWarpaint London is a co...