WPP AUNZ has announced a slight profit increase for its first full-year results since merging with marketing communications network STW in April last year.
The group delivered a $141.6 million headline profit for the 2016 calendar year – up 3.5 per cent on the year prior – while its after-profit tax grew 5.7 per cent to $86.7 million, and net sales grew by 1.2 per cent to $855 million.
Here’s the segment breakdown for WPP AUNZ:
WPP AUNZ chief executive Michael Connaghan said the group was pleased with its progress in 2016.
“Our business model continues to deliver organic growth as well as future expansion opportunities through the global WPP group,” he said.
“In particular, the merger provides exciting pathways for our talented people and generates market-leading services for our clients.
“While we remain cautious on the outlook, given a flat media market, restrained client spend and a subdued macro-economic environment, we saw significant momentum in new client wins in the final months of the year. At this stage, we expect to deliver mid-single digit growth in earnings per share for the full year 2017.”