Warpaint London PLC (AIM:W7L) said profit margins have improved despite "inflationary headwinds and continued high transport costs" and it expects record sales in the year to end-June 2022.
The supplier of colour cosmetics and owner of the W7 and Technic brands said sales will exceed £24mln in the first half of this year compared to £18.4mln in the previous comparable period, ahead of expectations.
Pending shareholder approval at today's AGM, a final dividend of 3.5p per share will be paid on July 5, 2022.
"The group has experienced strong trading in 2022...Whilst delivering sales growth, I am also pleased to report that this is being achieved at improved margins," said Clive Garston, chair.
"Despite inflationary headwinds and continued high transport costs, the group's gross profit margin for the year to date has been in excess of that achieved for the 2021 full year."
Group sales are predicted to remain second half-weighted, reflecting seasonal sales during the Christmas season, though the company's strong order book is ahead of what it was same time last year, Garston added.