Ogilvy NZ parent posts $150m profit

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Leading Australasian marketing content company, WPP AUNZ Limited delivered an A$141.6 million NZ$150m) profit in the year to 31 December 2016.

Commenting on the results, Michael Connaghan, the Sydney-based ceo of WPP AUNZ said: “I absolutely believe that pound for pound we have one of the best marketing communications businesses on the planet,” said Sydney-based WPP AUNZ ceo Michael Connaghan.

“When you combine the local power of a homegrown group such as STW with the iconic brands of WPP’s international units, we really do have an amazing platform.

“We remain cautious on the outlook, given a flat media market.”

WPP agencies in NZ & Australia include Assignment, Colmar Brunton, Y&R, Grey, Hill & Knowlton, JWT ANZ, Landor, MEC, Mediacom, Ogilvy, Vice Media, STW.

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