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RNS Number : 7932W Warpaint London PLC 28 April 2021 28 April 2021 Warpaint London PLC ( " Warpaint " , the " Company " or the " Group " ) Results for the year ended 31 December 2020 Warpaint London plc ( AIM : W7L ) , the specialist supplier of colour cosmetics and owner of the W7 and Technic brands is pleased to announce its audited results for the year ended 31 December 2020 . 2020 Financial Highlights • Group revenue of £ 40.3 million ( 2019 : £ 49.3 million ) in light of the Covid - 19 pandemic and the impact of temporary closures of a number of customers ' retail outlets Cash generated from operating activities increased by 70.7 % to £ 7.5 million ( 2019 : £ 4.4 million ) Adjusted profit from operations of £ 2.5 * million ( 2019 : £ 5.6 * million ) Reported loss before tax of £ 1.1 million ( 2019 : profit before tax £ 1.8 million ) • Adjusted earnings per share of 3.1p * ( 2019 : 6.3p * ) * The Group continued to generate significant cash and cash at the year end increased by 81.5 % to £ 4.9 million ( 31 December 2019 : £ 2.7 million ) Final dividend recommended of 3.0 pence per share , bringing the total dividend for the year to 5.8 pence per share , including a special dividend of 1.3 pence per share paid in November 2020 to reflect that no final dividend was declared for 2019 Adjusted for £ 0.3 million of exceptional costs ( 2019 £ 0.2 million ) , £ 2.4 million of amortisation of intangible assets ( 2019 : £ 2.4 million ) and share based payments of £ 0.7 million ( 2019 : £ 0.8 million ) . Adjusted numbers are closer to the underlying cash flow performance of the business which is regularly monitored and measured by management . 2020 Operational Highlights • • Swift reaction to the impact of Covid - 19 with a plan quickly formulated and successfully executed Repositioned business to increase focus on mainstream high street stores and online Commencement of sales of : • W7 products in Tesco stores • Technic and Body Collection products in wilko stores Launch of Amazon FBA and e - Commerce revenue significantly accelerated in the UK and the USA Rationalisation of brand and product range in line with focused strategy