A third of all listed companies that have disclosed JobKeeper payments have reported profit growth and are set to receive another $60 million by the time the scheme starts to tail off in September.
Profit growth across Domino's Pizza, Southern Cross Austereo, K&S Corporation, Adairs, ARB, Ingenia, and Korvest has averaged 70 per cent and yet they have reported a combined $57.5 million in JobKeeper payments.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
Jessica Gardner is Deputy editor - News. She has previously edited the Companies and Markets section. Connect with Jessica on Twitter. Email Jessica at jgardner@afr.com
