Business
Profits rebound at Australia’s biggest car dealership group – The Australian Financial Review
Investors who kept the faith in the depths of March have been rewarded with a fivefold jump in the share price of Eagers Automotive.
Eagers Automotive, which changed its name from AP Eagers earlier this year, said a combination of rebounding sales outside of locked-down Victoria, cost-cutting and the lower inventory levels at its car yards had all contributed to the higher profits.
Eagers Automotive has been a big user of the federal government’s JobKeeper program, and in March it sacked more than 1200 people as national COVID-19 restrictions came into force. It collected $62 million in JobKeeper payments, in a move chief ex…
-
General24 hours agoHundreds attend justice march for Kaiden Morgan-Johnston in Morwell
-
Noosa News24 hours agoSam Konstas falls cheaply, Jake Weatherald boosts Ashes hopes on day one of Sheffield Shield
-
General22 hours agoThis isn’t progress, it’s punishment
-
General21 hours agoMitch Marsh inspires Australia to three-wicket win over New Zealand in third T20I