Dozens of companies report large boost in profits after receiving JobKeeper subsidy – ABC News

More than 30 companies recorded higher profits in the last six months of 2020 after receiving hundreds of millions of dollars in JobKeeper subsidies than in the last six months of 2019.
Key points:

• 34 companies reported an increase in underlying earnings for the six months to 31 December, when compared to the same period in 2019, after receiving JobKeeper subsidies
• A quarter of all companies on the ASX 300 received JobKeeper payments in 2020
• Ownership Matters says the JobKeeper program lacks basic…

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