Sumary of WPP Aunz (ASX:WPP) reports quarterly sales drop but reaffirms guidance:
- WPP) share price remains unchanged today despite the company announcing a trading update on its financial performance..
- WPP Aunz shares are going nowhere during late-afternoon trade as investors appear mixed on the Q1 FY21 trading update..
- For the quarter ending March 31, WPP Aunz reported net sales of $144 million, a decline of 5.2% on the prior corresponding period..
- WPP Aunz reaffirmed that cash collection remains strong, and that the increase in net debt is from a partial unwind of net working capital….