WPP: stock bubbling after H1 results
(CercleFinance.com) - The WPP share is up 5% in London, following the media group's announcement of H1 2020 adjusted EPS that is up 45% at 15.
4 pence, even though this is in line with the consensus.
The British group states that its adjusted operating margin contracted by 3.7 points to 8.2%, while its revenues (excluding costs passed on) decreased by 10.2% to 4.67 billion pounds (-9.5% LFL).
Announcing an improvement in cash and equivalent and saying that it is approaching the top of its target range for cost savings (700-800 million pounds), WPP is resuming dividend payments, having decided to pay an interim dividend of 10 pence per share.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
4 pence, even though this is in line with the consensus.
The British group states that its adjusted operating margin contracted by 3.7 points to 8.2%, while its revenues (excluding costs passed on) decreased by 10.2% to 4.67 billion pounds (-9.5% LFL).
Announcing an improvement in cash and equivalent and saying that it is approaching the top of its target range for cost savings (700-800 million pounds), WPP is resuming dividend payments, having decided to pay an interim dividend of 10 pence per share.
Copyright (c) 2020 CercleFinance.com. All rights reserved.