Your link isn't working, it has 2 "http://"s. :wave:
It's not right. Either they're not testing at 20ma (which they say they are), this has multiple dies in series (not from the spec sheet), their measuring equipment is off (possibly) or they're just making things up mad.
It might be plausible if radiated power was in the case of maximum current draw (that is 50mA @ 4V to dissipate 200mW). Even then though, a nearly 50% efficiency in a epoxy 5mm LED is highly doubtful. The only LEDs I know of getting that kind of efficiency at that drive power are high-power blue LEDs.