Postie Plus shares placed in trading halt pending material announcment

Postie Plus shares placed in trading halt pending material announcment
By Tina Morrison May 29 (BusinessDesk) - Postie Plus, the worst performing stock on the New Zealand sharemarket the past year, had its shares placed on a trading halt pending a material announcement by the company. The Auckland-based retailer has previously said it expects to have a “significant” net loss before tax in the year ending Aug. 3, though smaller than last year’s loss of $10.6 million. Postie Plus has struggled to deal with the poorly executed outsourcing of a purpose-built distribution centre in Mangere when it relocated to Au...