Business
Rich Lister Nick Politis cleans up in Eagers Automotive rebound – The Australian Financial Review
The Sydney Roosters chairman’s stake is now worth almost $1 billion in a company whose shares have climbed to above $14 from $2.50 in the past nine months.
Rich Lister and chairman of the Sydney Roosters NRL club, Nick Politis.
James Alcock
It ended a run of 31 months of consecutive declines in an industry that had already been battling before the pandemic. The instant asset write-off tax break scheme implemented by the federal government had a big effect along with rising confidence levels as the coronavirus pandemic came under control in Australia and Victoria moved out of lockdown.
Eagers Automotive said it expected to deliver an underlying operating…
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