Myer sales plunge but profits rise on back of JobKeeper boost

Myer has reported soaring profits off the back of JobKeeper payments.

Millions in JobKeeper subsidies and rent waivers has helped struggling department store Myer grow its profits by 8 per cent for the first half of the financial year despite a plunge in sales.

Myer sales plunge but profits rise on back of JobKeeper boost

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.