Better than expected | Cash flowing | Big problems
Results and updates covered here include those of a provider of testing products and systems to the automotive sector. This previously popular stock has seen its shares fall significantly over recent months, but the outlook seems as positive as ever. Elsewhere, another substantial company continues to struggle. (Free to read)
Warpaint: improving, but not what it was? Warpaint London (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announced encouraging results, but this company still seems a long way from the high margin, business that joined AIM in 2016. For the year ending December 2021 sales increased by 24.1% to £50.0m, while adjusted operating profit was sharply higher at £7.0m, representing an adjusted operating margin of 14%. W7 branded products are now sold in over 1,400 Tesco stores in the UK as well as over 1,200 Five Below stores in the US. Statutory…