Briscoe Group received more than $11m in government wage subsidies. Photo: ODTBriscoe Group will pay back the wage subsidy it received following the $27.9 million profit it turned in the first-half of its 2020 financial year. The homeware and sporting goods company said it had made the decision after experiencing continued strong sales during the third quarter. The rebound over the following three months, however, was equally as remarkable enabling Briscoe Group to report a half year result that was broadly in line with our previous year." "Unlike other companies Briscoe Group has not made people redundant or closed stores.

Source: Otago Daily Times October 15, 2020 21:45 UTC