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WPP profit slumps

WPP profit slumps

WPP, the world's second-biggest advertising group, said yesterday that its first half net profit tumbled 47.9 percent because of the global economic downturn.
Net earnings sank to 108.4 million pounds (US$177 million) in the six months to June from 208.2 million pounds a year earlier, WPP said in a results statement.
"The results continue to reflect the impact of the significant global economic contraction on most regions and service sectors," WPP said.
"The impact continued to intensify in the second quarter, though results for July did indicate a 剮ess-worse' picture."


Updated : 2021-01-16 01:40 GMT+08:00