WPP Aunz (ASX:WPP) reports quarterly sales drop but reaffirms guidance

wpp aunz asxwpp reports quarterly sales drop but reaffirms guidance

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….

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