WPP's Revenue Rises by Nearly 16% in Jan-April Period
June 07 2017 - 8:02AM
Dow Jones News
By Razak Musah Baba
LONDON--WPP PLC (WPP.LN) said Wednesday its reported revenue for
the first four months of 2017 rose 15.9% to GBP4.85 billion ($6.3
billion).
On a constant currency basis, revenue rose 3.4% and
like-for-like revenue rose 0.7% on the comparable period of 2016,
the advertising and marketing giant said, adding that constant
currency net sales were up 4.0%, with like-for-like net sales
rising 0.7%.
"For the remainder of 2017, the focus remains on improving
revenue and net sales growth, driven by our leading position in
horizontality, faster growing geographic markets and digital,
premier parent company creative and effectiveness position, new
business and strategically targeted acquisitions," WPP said.
Shares at 1115 GMT were down 33 pence, or 2%, at GBP16.88,
valuing the company at GBP21.51 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
June 07, 2017 07:47 ET (11:47 GMT)
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