Postie Plus reports wider loss, looks to reduce bank debt dependence

Tue, 08 Apr 2014

April 8 (BusinessDesk) - Postie Plus Group, whose stock has dropped 42 percent in the past 12 months, has met an extended deadline to post its first-half results, reporting a wider loss on supply chain disruptions and tough trading conditions for clothing retailers. The net loss was $3.8 million in the six months ended Feb. 2, from a loss of $1.8 million a year earlier, the Auckland-based company said in a statement. Sales fell to $39 million from $43.3 million. Postie Plus had until today to file its results or have its shares suspended by N...

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