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Offshore JobKeeper: Why did $110 million go to foreign shareholders? smartcompany.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smartcompany.com.au Daily Mail and Mail on Sunday newspapers.
How much JobKeeper flowed offshore? Let's just say a lot crikey.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crikey.com.au Daily Mail and Mail on Sunday newspapers.
ASX 300 profits lifted by JobKeeper Share The government’s generous $93 billion JobKeeper program helped boost the underlying profits of about 10 per cent of the sharemarket’s top 300 listed companies as they reported larger profits than prior to the pandemic. Of the 66 ASX 300 companies that received JobKeeper payments in July-December, 58 reported positive earnings, based on their preferred metrics, says a report by governance experts Ownership Matters. This cohort of companies accounted for $741 million, or 30 per cent of all Jobkeeper payments made to the top 300 companies in calendar year 2020. Furthermore, out of those 66 companies, 34 reported increases in underlying earnings relative to pre-pandemic levels, which accounted for 20 per cent of all payments made in the second half of the year. ....