Sharechat Logo

Postie Plus shares face suspension if it misses April 8 deadline for earnings, NZX regulator says

Wednesday 2nd April 2014

Text too small?

Postie Plus Group, the clothing retailer whose stock has slumped following distribution problems after moving to Auckland in 2012, risks having its shares suspended on the New Zealand stock exchange if it doesn't report its first half earnings in the next week.

The company should have issued its results by the end of trading yesterday under stock exchange rules and now has until the market close on April 8 to publish the earnings or its securities will be suspended, NZX Regulation said in a statement. Postie Plus said yesterday it would publish the earnings by April 8.

Last month, Postie Plus said it expects to post a significant annual pre-tax loss, though it should be smaller than last year's loss of $10.6 million. Sales in the first half fell 9.9 percent to $39 million although gross margins improved, it said.

Shares in Postie Plus advanced 4.6 percent to 11.5 cents and have dropped 26 percent the past 12 months.

 

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PCT - Delivering on strategy underpins strong operating result
KFL - August 2020 monthly update
BRM - August 2020 monthly update
MLN - August 2020 monthly update
Further COVID-19 Restrictions at SkyCity’s New Zealand Properties
FY20 results guidance met, Results date, Banking Facility
Sky sells OSB assets to NEP NZ, secures 10 year partnership
NZX fully operational - announcement re COVID-19
Heartland Market Update
Steel & Tube Fy20 Trading Update

IRG See IRG research reports