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Sigma Healthcare Provides Market Update

11 Feb 2019  |  09:39:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Market update

Sigma Healthcare announced a positive outlook following completion of an extensive review of its operations which was announced previously. It reported that the business review identifies over $100m p.a. of cost savings. The FY 2019 Underlying EBIT guidance is of around $75m confirmed. The outlook incorporating the business review outcomes points to over 10% p.a. In December 2018 Australian Pharmaceuticals Industries (API) announced it had acquired a substantial shareholding in the Company and was proposing a merger transaction.

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