Business
Nick Scali to REPAY JobKeeper payment after furniture retailer posted big profit – 7NEWS.com.au
Last week the company reported first-half net profit rose by almost 90 per cent, despite the pandemic.
Furniture retailer Nick Scali will repay millions of dollars worth of JobKeeper payment subsidies, after backflipping on a controversial decision to keep the money.
Last week, the company reported first-half net profit rose by almost 90 per cent to $40.6 million for the six months to December 31.
Despite the bumper profits, the retailer did not indicate it would return $3.6 million in JobKeeper assistance to the Australian Government.
On Monday night, the companys board said in a statement it was…
-
General11 hours agoMildura man given 28 years to pay $73,000 in unpaid fines and tolls
-
General14 hours agoAustralia’s race to rewire the country amid a global transmission boom is not unique
-
General24 hours agoNZ government’s puberty blockers move attracts strong reactions
-
Noosa News23 hours agoBrisbane State High School wants playing fields, not apartment towers at Visy riverside site