Alliance Group to repay $34m wage subsidy it received : vima

Alliance Group to repay $34m wage subsidy it received
© Supplied / RNZ
Alliance Group has joined the growing list of firms repaying the wage subsidy.
Alliance received $34 million from the subsidy and had already repaid $21m. Group chair Murray Taggart said it is now in a position to repay the balance.
"From the outset, Alliance has been clear we would only use the wage subsidy in the way it was intended by government and our previous re-payments reflect this commitment."
Last month Alliance Group announced a before tax profit of $7.5m, down from $20.7m in 2019 due to one-off costs.
The company also received $1.9m from the government's Leave Support Scheme to support employees that had to self-isolate or were unable to work, which it will not repay.

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