Last month, K&S Corporation posted a five-fold increase in net profit on the back of $12.4 million in JobKeeper subsidies:
And earlier this week, The AFR reported that retailers receiving millions of dollars in JobKeeper subsidies are earning higher profits and paying significantly increased dividends to shareholders:
Manchester and homewares retailer Adairs reported a 19 per cent increase in net profit to $35.3 million after a boom in online sales in Australia and New Zealand during the COVID-19 lockdowns.