- Cosmetics group Warpaint London warned it would post a fall in annual profit, amid adverse currency movements and increased spending on its US business.

Sales for the year through December were expected to come in at £50m, while adjusted profit would fall to between £6m and £7m, the company said without providing comparative figures.

Warpaint London said it continued to see encouraging international sales growth, in particular in the EU and the US.

'However, a number of factors including the geographic mix of sales, adverse exchange rate movements and the group's investment in its strategy for future growth, particularly in the US, are having an impact on profitability in the current financial year,'it added.

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