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Nick Scali Limited (ASX:NCK) Insider Purchases A$367,325 00 in Stock
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Insider Buying: Nick Scali Limited (ASX:NCK) Insider Buys 25,000 Shares of Stock
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Nick Scali CEO torn over keeping JobKeeper subsidies
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Nick Scali chief Anthony Scali said the furniture retailer paid more in tax than it received in JobKeeper but admitted he was torn over whether the company should hand the wage subsidies back.
Nick Scali received $3.6 million in wage subsidies from the Australian and New Zealand governments in the December-half, despite delivering a 90 per cent increase in profits to $40.6 million after record sales growth and lifting its interim dividend by 60 per cent.
Nick Scali CEO Anthony Scali - “It’s a difficult one.”
Ben Rushton
Like Solomon Lew’s Premier Investments and footwear retailer Accent Group, which kept JobKeeper subsidies despite record sales, profits and dividends, Nick Scali now faces pressure to hand the subsidies back.