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…
-
Noosa News21 hours agoEnsure voices are heard – Proctor
-
Noosa News24 hours agoHow a 3D printed aorta helped surgeons replace a ‘ticking time bomb’ inside a man’s chest
-
Noosa News23 hours agoCity of Moreton Bay claims homeless people consented to having camps thrown away
-
General22 hours agoReserve Bank board still looking for yesterday’s news