Sigma Healthcare Shares Surge on Upgraded Earnings Guidance

Highlights:

• Sigma Healthcare Limited (ASX: SIG) shares surged 54.6% at the time of writing after upgrading its full-year EBIT guidance.
• The boost in earnings outlook is attributed to its Chemist Warehouse supply agreement, strengthening business performance.
• The merger between Sigma Healthcare and Chemist Warehouse is set to be completed this month, driving investor optimism.

Strong Market Reaction to Positive Outlook

Sigma Healthcare Limited (ASX: SIG) saw its share price surge 54.6% at the time of writing after the company upgraded its full-year earnings before interest and tax (EBIT) guidance. The company attributed the improvement to its supply agreement with Chemist Warehouse, which has significantly strengthened its business performance.

Chemist Warehouse Merger Nears Completion

The merger between Sigma Healthcare and Chemist Warehouse is expected to be finalized this month, marking a major milestone for the pharmaceutical wholesaler. This deal is anticipated to create greater operational efficiencies and enhance growth opportunities for both companies.

Investor Optimism on Future Performance

With an improved earnings outlook and a transformative merger on the horizon, investors responded positively to Sigma’s announcement. The company’s strategic moves position it for sustained growth in the evolving healthcare sector.

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