Business
Harvey Norman to keep $22m in jobkeeper despite profits doubling to $462m in pandemic – The Guardian
Billionaire owner Gerry Harvey is resisting pressure to repay the money despite a $462m net profit for the second half of 2020
Billionaire Harvey Norman chairman Gerry Harvey has defied political pressure to pay back an estimated $22m in jobkeeper after the retailers profits more than doubled during the pandemic.
The furniture, electrical and whitegoods retailer on Friday reported that first-half sales climbed 25% and contributed to a net profit after tax of $462.03m for the last six months of 2020 up 116% on the same time period in the previous year.
Harvey Norman said it would pay dividends totalling $249m, of which Harvey…
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