Sigma Healthcare hits 2-week high on merger partner Chemist Warehouse's strong sales

Sigma Healthcare

28/01/2025 02:22

** Shares of Australian pharmacy chain operator Sigma
Healthcare  SIG.AX  rise 10.2% to A$2.975, its highest level
since Jan. 14
    ** SIG biggest gainer in the ASX200 benchmark index  .AXJO 
    ** Merger partner Chemist Warehouse reported 13% growth in
retail network sales over 1H25, with like-for-like sales growing
at a record 10.3%
    ** Citi says (Chemist) result suggests combined group is
tracking well ahead of expectations
    ** SIG shareholders will vote on the merger with Chemist on
Jan. 29
    ** More than 8.6 mln SIG shares change hands, 1.2 times the
30-day average of 6.9 mln shares
    ** SIG up 13.7% so far this year, including the day's moves,
extending its 161% gain clocked in 2024

($1 = 1.5954 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))