Seven West Media chairman Kerry Stokes.
Seven West Media chairman Kerry Stokes (AAP/Mick Tsikas)

The corporate reporting season is turning up more disclosures about JobKeeper claims, with public companies such as Nick Scali, Coca-Cola Amatil and Iluka responding to pressure and announcing they will pay back public money they did not need to claim in the first place.

However, there’s another category of company which deserves further scrutiny: the profitable firm that pocketed big dollops of JobKeeper in the December half year and refused to hand any back.

Step forward billionaire Kerry Stokes and his Seven West Media. Yesterday Seven West Media reported a stronger-than-expected $116 million half-year net profit which sent its share price surging to a near two-year high of 50 cents.