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…
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