Business
Furniture retailer Nick Scali pays back JobKeeper, pocketed while raking in record profits – NEWS.com.au
Furniture retailer Nick Scali pays back JobKeeper, pocketed while raking in record profits
High-end furniture retailer Nick Scali has handed back million of dollars in wage subsidies after sparking a furore by revealing how much JobKeeper it pocketed while enjoying huge first half profit growth.The company last week reported a 99.5 per cent surge in underlying net profit for the six months ended December 31, describing it as an “exceptional” trading period.
It attributed the record result to capitalising on “shifting consumer spending patterns” towards items for the home during the pandemic,…
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