Business
Rip Curl owner Kathmandu hangs on to JobKeeper despite surfing, hiking, camping surge boosting sales – NEWS.com.au
Rip Curl owner Kathmandu hangs on to JobKeeper despite surfing, hiking, camping surge boosting sales
Outdoor and adventure clothing retailer Kathmandu has pocketed $NZ20.5m ($A19m) worth of JobKeeper and other wage subsidies but does not plan to hand it back despite achieving an outstanding first half result.The group, which owns Rip Curl and Oboz, reported on Tuesday a net profit of $NZ22.3m ($A20.6m) for the six months to January 31 after sales rose 12.9 per cent.
Kathmandu also resumed dividend payments to shareholders, declaring a 2 NZ cents per share interim payout.
The result was attributed…
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