Warpaint London shares in the red after update

0 mins. to read
Warpaint London shares in the red after update
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price shares in AIM-listed cosmetics firm Warpaint London (LON:W7L) has plunged by 26.11% to 58p (as of 15:15 BST) after it issued a profit warning for the current financial year. Management said that international growth was helping to prop up a challenging UK market, but that an adverse geographic mix and foreign exchange movements would impact profits.

The company said that overall revenues for the year ending 31st December would be around £50 million, only slightly ahead of the prior year.

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.