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Hearing implants pioneer Cochlear urged to cough up JobKeeper in full but stays firm – NEWS.com.au
Hearing implants pioneer Cochlear urged to cough up JobKeeper in full but stays firm
Hearing implant pioneer Cochlear has been urged to pay back COVID-19 government assistance in full after booking a big earnings recovery, with an MP saying they can afford it.The company reported a 50 per cent surge in statutory net profit to $236.2m for the six months to December 31 on Friday.
On an underlying basis, however, which excludes one‐off items such as innovation funds and government assistance, net profit was down 6 per cent to $125.3m.
Cochlear pocketed $23.6m in government cash in…
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