Harvey Norman repays $6 million

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Bobby
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Harvey Norman repays $6 million

Post by Bobby » Tue Aug 31, 2021 7:35 pm

https://www.sbs.com.au/news/harvey-norm ... f-pressure

Harvey Norman repays $6 million in JobKeeper profits
following months of pressure


Image


The money paid back represents less than a third of the estimated $22 million
in JobKeeper wage subsidies the retail group received.

Updated Updated 7 hours ago
By Tom Stayner
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Harvey Norman has bowed to public pressure and repaid $6 million in JobKeeper subsidies after making record profits for the 2020-21 financial year.

The ASX-listed company quietly revealed the decision in an update to investors on Tuesday morning, declaring $6.02 million in payments had been returned.

It follows ongoing calls for companies that accrued billions of dollars in JobKeeper payments despite their businesses not suffering a downturn in revenue to return the money.

According to its latest update, Harvey Norman notched a year of record sales, reporting a 15.3 per cent increase in total revenue to $9.72 billion and a 75.1 per cent increase in
profit after tax of $841.41 million.

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Bobby
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Re: Harvey Norman repays $6 million

Post by Bobby » Tue Aug 31, 2021 7:36 pm

Harvey really needed it -
his pocket was empty -
a beggar in the street.

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Bobby
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Joined: Thu Feb 23, 2017 8:09 pm

Re: Harvey Norman repays $6 million

Post by Bobby » Tue Aug 31, 2021 7:48 pm

Nail wrote at another place:

hes just a glorified landlord ripping his franchisees off for rent

why are our super funds allowed to steal money from small business to invest in a shonky corporation like this who just imports container load after container load of junk that is made in china ?? What is wrong with this stupid country ?

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