New Zealand clothing retailer Postie Plus Group Ltd on Monday reported a full year net profit of NZ$1.24 million, boosted by higher sales and profit margins.

Postie Plus listed on the New Zealand stock exchange at the beginning of September after completing a NZ$20 million IPO in August, and its results were well ahead of its prospectus forecast of NZ$950,000.

Sales for the year to 31 July were NZ$32.2 million.