Business
Harvey Norman to keep $22m in jobkeeper despite profits doubling to $462m in pandemic – The Guardian
Billionaire owner Gerry Harvey is resisting pressure to repay the money despite a $462m net profit for the second half of 2020
Billionaire Harvey Norman chairman Gerry Harvey has defied political pressure to pay back an estimated $22m in jobkeeper after the retailers profits more than doubled during the pandemic.
The furniture, electrical and whitegoods retailer on Friday reported that first-half sales climbed 25% and contributed to a net profit after tax of $462.03m for the last six months of 2020 up 116% on the same time period in the previous year.
Harvey Norman said it would pay dividends totalling $249m, of which Harvey…
-
Business20 hours agoMacquarie tips 14% upside for this ASX tech stock
-
Noosa News16 hours agoWilliam Robinson dies aged 89
-
Business18 hours agoTop brokers name 3 ASX shares to buy today 27 August 2025
-
Business20 hours agoThis ASX 200 media stock is storming 7% higher to 52-week highs. Here’s why.