WPP AUNZ reports earnings of $24.6m for Q3 2020, predicts weak outcomes in Q4

WPP AUNZ has reported earnings before interest and tax (EBIT) of $24.6m for the three months that make up the September quarter – an increase on the previous year of 15.4%, largely due to operation efficiencies, government subsidies and a better performance than what was forecasted.

But the holding group has warned of a subdued fourth quarter, saying it expects Christmas will be significantly down on previous years and ‘weak trading conditions’.

WPP AUNZ won’t be providing guidance for 2020, but does hope for green shoots in Q4