Business
What we learnt: Welcome to profit season’s brave new world – The Australian Financial Review
A retailer which raised its dividend despite getting $4 million in taxpayer funds is a neat window into the topsy-turvy world of a COVID-19 profit season.
The companys volatile share price a high of $8.30 in February, a low of $3 in March and a new high of $8.80 on Thursday broadly mirrors the rollercoaster this business has been from an operational point of view.
Earnings in the six months to December 31 were flat, and then between $9 million and $11 million of orders were lost as the nation went into its first lockdown in March and April.
But the launch of a new online store in April and a 70 per cent sales surge in May and June rescued the ye…
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