Business
Adairs returns JobKeeper subsidies as profits rise three-fold – The Australian Financial Review
Adairs has decided to return $6.1 million in JobKeeper subsidies after delivering bumper profits underpinned by the cocooning trend.
Manchester retailer Adairs plans to return $6.1 million in Jobkeeper benefits after net profits rose more than three-fold in the December-half to $43.8 million, fuelled by demand for bedding and homewares from consumers cocooning at home.
Underlying earnings before interest and tax excluding JobKeeper subsidies soared 166 per cent to $60.2 million. EBIT including JobKeeper came in at $66.3 million, in line with Adairs December guidance, when it forecast underlying earnings between $62 million and…
-
General22 hours agoCollingwood cult hero Mason Cox not offered new contract for 2026 AFL season
-
General11 hours agoDeath doulas, family-led funerals and the deathcare movement hope to change the way we die
-
Noosa News6 hours agoFive suspected rat poison cases detected in South East Queensland
-
Noosa News6 hours agoHorror weekend of motorbike crashes as four riders killed on Aussie roads within hours