WPP AUNZ (ASX:WPP) reports $227.6m loss for the year

Company News

by Rachael Jones

Creative transformation company WPP AUNZ (ASX:WPP) today announced its financial results for the year ending 31 December 2019 showing net loss for the year of 1,231.2 per cent to $227.6 million.

Total net sales of $819.4 million, down 4.4 per cent with continuing business net sales at $712.5 million, down 2.6 per cent.

They successfully completed the sale of Kantar AUNZ for $158.7 million in December 2019 and Ogilvy NZ last August.

The total ordinary dividends relating to the 2019 year are 5.2 cents per share, in 2018 6.3 cents per share.

Shares in WPP AUNZ (ASX:WPP) trading 8.7 per cent higher at 63 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.