Warpaint London PLC (LON:W7L), the specialist supplier of colour cosmetics and owner of the W7 brand, has today announced the following positive trading update for the year ended 31 December 2017.
The Group continued to perform well during 2017 and the Board confirms that it expects to report results in line with management expectations for the financial year.
The integration of Retra, acquired in November 2017, has been completed and the Retra business is performing well. A new managing director and finance director for Retra were appointed in December 2017 to drive this business forward and work with other Group management to maximise the opportunities available to the combined Group.
The Company will announce its results for the year ended 31 December 2017 in late April 2018.
Commenting, Sam Bazini and Eoin Macleod, Joint Chief Executives of Warpaint London Plc, said: “We are very pleased with the performance of the Group in 2017. Retra has integrated well with the rest of the Group and we are already seeing new opportunities and synergies from the combination.
“2018 has started well and we look forward to the future with confidence.”