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Postie Plus - Source: ONE News -
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Clothing retailer Postie Plus has posted a significantly reduced loss of $1.1 million for the half-year to the end of January.
The apparel and baby products group says the result, which includes a provision for the sale of the Waimate knitting factory of $77,000, compares with a loss of $2.68m recorded in the previous corresponding period.
It says sales have increased to $54.07 million, up 8.3% on the same period last year.
No interim dividend will be paid for the first half.
"The turnaround for the summer season is really pleasing considering the retail climate and statistics," says group chief executive Ron Boskell.
"The loss is 58% less than last year and that level of improvement confirms that the group is well on track to post an improved full year result."
