Business
Profits plunge at AP Eagers in feeble new car market – The Australian Financial Review
The CEO of Australia’s biggest new car dealer, with 200 showrooms, says sales have tumbled in Victoria since the renewed lockdowns in that state.
“All of the information will all be laid out then,” he said.
The company began accessing JobKeeper payments from April 1. Using a basic calculation of $1500 each for around 75 per cent of the workforce for each fortnight up until June 30 would equate to a figure between $55 million to $60 million. Mr Ward declined to comment on that specific number and said the company would make all details public in four weeks’ time.
The company has also stripped out $78 million in costs in response to the …
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