Business
Nick Scali to REPAY JobKeeper payment after furniture retailer posted big profit – 7NEWS.com.au
Last week the company reported first-half net profit rose by almost 90 per cent, despite the pandemic.
Furniture retailer Nick Scali will repay millions of dollars worth of JobKeeper payment subsidies, after backflipping on a controversial decision to keep the money.
Last week, the company reported first-half net profit rose by almost 90 per cent to $40.6 million for the six months to December 31.
Despite the bumper profits, the retailer did not indicate it would return $3.6 million in JobKeeper assistance to the Australian Government.
On Monday night, the companys board said in a statement it was…
-
Noosa News23 hours agoBumper turn-out for competitive agriculture entries at the Royal Adelaide Show
-
Noosa News21 hours agoDeputy Premier defends far-right rally’s right to protest, but urges calm
-
General22 hours agoThreat warning lingers over anti-migrant rallies
-
General22 hours agoScottish brothers finish mammoth row across Pacific Ocean after 139 days