Business
Premier holds on to JobKeeper after almost doubling its profits – Sydney Morning Herald
Billionaire Solomon Lew’s retailing group Premier Investments will not hand back the nearly $20 million it received in JobKeeper payments despite reporting a bumper…
Premier said it had continued to pay more than 1500 of its team members without JobKeeper through government-mandated lockdowns, and said it would commit to using the $15.6 million net benefit it received in JobKeeper to continue to pay staff in the event of any future lockdowns.
Premier also pledged its JobKeeper funds would not be used in determining and funding management bonuses or dividends. The interim dividend declared for the half was in line with the first half of the 2020 financial year,…
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