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Investing.com -- Warpaint London, a UK-based cosmetics company, has reported an increase in its pretax profit and revenue for the year 2024.
The company stated on Thursday that it expects to report a pretax profit of approximately £24 million ($30 million), a significant increase from the £18.1 million reported the previous year. This comes alongside a rise in revenue to about £102 million, up from £89.6 million.
Despite challenging consumer spending conditions, the company’s strong performance has persisted into January. Warpaint London reported that its revenue for January was 15% higher than the same period in the previous year, and also noted an improved margin.
Looking forward, the company anticipates further growth. "We expect to see continued growth across the group in 2025," said Chief Executive Sam Bazini.
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