Very disappointing article from AFR - mislead the investors. No single word mention the net loss including one-off merger costs of $43.5m with CWG and $2.8m contract costs.
Sigma swings to FY loss before merger Sarah Jones
Sigma Healthcare reported a statutory net loss of $13.8 million for the full year in its final results as a standalone business before its merger with Chemist Warehouse.The result compares to a $4.5 million net profit a year earlier. Earnings before interest and tax slipped 6.7 per cent to $21.7 million, while revenue jumped 46 per cent to $4.8 billion.With the merger now complete, there will be no dividend payment in respect of these results, with directors of the new merged board to determine the future dividend policy, the company said.The company noted that as outlined in the prospectus lodged with the ASX, it is anticipated that the dividend payout ratio will be about 50 per cent to 70 per cent of net profit.
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