Business
Here’s why the Sigma (ASX:SIG) share price is surging 6% higher
The Sigma Healthcare Ltd (ASX: SIG) share price is on form on Monday.
In morning trade, the pharmacy chain operator and distributor’s shares are surging 6% higher to 72 cents.
Why is the Sigma share price storming higher?
Investors have been buying Sigma’s shares this morning following the release of a very positive trading update.
According to the release, Sigma’s performance in the second half has been very strong. As a result, it is expecting its underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to grow strongly in FY 2021.
Sigma is expecting to report underlying EBITDA of $80 million for the 12 months ended 31 January 2021. This will be an increase of over 35% on the prior corresponding…
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