Postie Plus quarterly sales figures 'pleasing'

Retailer Postie Plus looks to have found a way to bust the recession, lifting fourth quarter sales 12.9 per cent above levels of a year earlier to $34.9 million.

Managing director Ron Boskell said group margins were also rising, and the sales performance was pleasing in light of the recession and strong competition from competitors "scrambling to increase sales at the expense of margin".

Postie Plus was forecasting a modest profit after tax, with the full year results to be published later this month.