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

Richard Binns, Postie Plus Chief Executive
Postie Plus 12-month price history (NZX.com)

Postie Plus Group [NZX: PPG], 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)

This article is tagged with the following keywords. Find out more about My Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7427 -0.0008 -0.11%
AUD 0.9357 -0.0028 -0.30%
EUR 0.6607 -0.0006 -0.09%
GBP 0.4917 -0.0013 -0.26%
HKD 5.7575 -0.0066 -0.11%
JPY 87.7700 -0.3910 -0.44%

Commods

Commodity Price Change Time
Gold Index 1279.4 -13.200 2015-01-26T00:
Oil Brent 49.4 -0.560 2015-01-26T00:
Oil Nymex 45.1 -0.410 2015-01-26T00:
Silver Index 18.0 -0.320 2015-01-26T00:

Indices

Symbol Open High Last %
NZX 50 5698.7 5737.7 5698.7 0.69%
NASDAQ 4752.4 4774.2 4757.9 0.29%
DAX 10593.0 10807.6 10649.6 1.40%
DJI 17668.1 17696.4 17672.6 0.03%
FTSE 6832.8 6855.9 6832.8 0.29%
HKSE 24995.1 24995.1 24909.9 -0.65%
NI225 17649.4 17764.4 17468.5 1.48%