Simon Arora Coronavirus pandemic Simon Arora

Billionaire brothers behind BM to net £44m windfall as coronavirus doubles profits

Reading now: 987
www.mirror.co.uk

The billionaire brothers behind discount chain B&M Bargains are set to net another £44million windfall after profits more than doubled during the coronavirus crisis.

Simon and Bobby Arora are among those quids in after B&M’s parent company announced a dividend bonanza. The £293milion payout to shareholders included a £250million special dividend because the firm has more cash than it knows what to do with.

It also announced a 4.3p half-year dividend worth a total of £43million. The company paid a separate £150m special dividend in April.

Yet the group has benefited from a business rates holiday put in place by the Government to help retailers hit by the coronavirus pandemic.

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA