Why is the Sigma share price soaring 6%?
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The Sigma Healthcare Ltd (ASX: SIG) share price surged 6% to $3 per share after the pharmacy network owner issued a trading update on Friday.
The ASX 200 healthcare stock is currently 5.4% higher at $2.99.
Let’s check out the details of the trading update.
Sigma share price rips on upgraded FY25 guidance
Sigma has upgraded its full-year normalised EBIT guidance range for the year ending 31 January 2025 to $64 million to $70 million.
This is up from the previous guidance of $50 million to $60 million issued last September.
The company said the upgrade was due to improved operational performance.
This includes the “strong execution” of the new Chemist Warehouse supply contract that commenced on 1 July last…
