Business
The Nick Scali share price climbs as the retailer returns half of JobKeeper – The Motley Fool Australia
Furniture retailer caves to public pressure after managing director Anthony Scali received $4.4 million in increased dividends.
Furniture chain Nick Scali Limited (ASX: NCK) is giving back $3.6 million it received in COVID-19 government assistance.
Last week, the company reported record numbers across the board in its half-yearly results, ending up with a 99.5% boost to its net profit.
The positive numbers resulted in a 40% increase in dividends, which saw managing director and major shareholder Anthony Scali pocket $4.4 million.
This situation triggered political outrage as the retailer had pocketed about $7.7 million in…
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