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WPP Aunz (ASX:WPP) share price dips on 32% profit drop

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The WPP Aunz Ltd (ASX: WPP) share price is underperforming today, down 1.43% at the time of writing to 69 cents a share. By contrast, the S&P/ASX 200 Index (ASX: XJO) is having a pretty good day, up 1.01% to 6,846 points.

The catalyst for WPP Aunz’s slow show today appears to be the earnings report for the full 2020 calendar year that the company released this morning before market open.

WPP Aunz (the latter stands for Australia/New Zealand) is a public relations company that works with a range of clients and offers tailored solutions depending on said clients’ needs.

The company was in the news a few months ago after receiving a takeover offer from its parent company WPP plc (LSE: WPP), for 70 cents a share. That resulted in…



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