Cosmetics company sees profits drop by 63 per cent

A London cosmetics company reported today that it saw a 63 per cent drop in profit over the past year. Warpaint London saw pre-tax profit for the year falling to £1.8m, down from £4.7m year-on-year. However, revenue for the year rose by 1.6 per cent to £49.3m, despite gross profit margins dropping…
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