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…
-
Noosa News15 hours agoMitch Power Quick Shear event gets men talking about mental health
-
General17 hours agoThailand punches above its weight in film creativity and cross-border appeal. Here’s why
-
Noosa News18 hours agoRaising your voice | Noosa Today
-
Noosa News9 hours agoNRL live updates: Newcastle Knights vs Melbourne Storm, St George Illawarra Dragons vs Sydney Roosters, North Queensland Cowboys vs Canterbury Bulldogs