- Cosmetics company Warpaint London said its first-half sales had fallen substantially but were nevertheless better than it had expected.

Trading conditions remained challenging as a result of the Covid-19 pandemic, chairman Clive Garston said in AGM speech notes.

'Sales in the first half of 2020 have been at a higher level than anticipated, albeit significantly below the first half of 2019,' he said.

'There has been an improvement in margin, no erosion of cash and a positive EBITDA for the first six months of the current year.'

'The group has a sound financial footing and we are actively implementing our strategy for growth.'

'We look forward to the remainder of the year with cautious optimism.'

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