WPP reported H1 profit before tax of £106m, up from £98m last year, but EPS fell to 1.7p from 4.0p (-57.5%). Headline operating profit declined to £398m (vs £41—reported last year figure appears truncated). Overall results point to weaker earnings quality despite higher pre-tax profit.
WPP reported H1 profit before tax of £106m, up from £98m last year, but EPS fell to 1.7p from 4.0p (-57.5%). Headline operating profit declined to £398m (vs £41—reported last year figure appears truncated). Overall results point to weaker earnings quality despite higher pre-tax profit.
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moderately negative
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