0113 GMT - Sigma Healthcare shares rise 7.8% on a positive update for its recently acquired Chemist Warehouse business, reigniting a rally that had looked in danger of stalling. Sigma said 1H like-for-like retail sales at Chemist Warehouse rose 3%. "The big surprise was the 400bp increase in EBIT margin year-over-year resulting in an EBIT of A$437.9 million for 1H," Citi analyst Adrian Lemme says. The result suggests Sigma-Chemist Warehouse is tracking ahead of Citi's forecast for A$800 million of combined proforma EBIT in the first year of ownership. Citi has a neutral call on Sigma. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 27, 2025 20:13 ET (01:13 GMT)
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