Perhaps we shouldn't hand our hat on the Sigma deal they seem to have their problems atm.
extract from "The Advertiser 21/9"
Sima scrip, one of the market's worst performers this year, has been savaged over the past nine months diving from a peak of $3.03 in late December.
In July, the company had forecast that net profit for 2008 would be in line with last year's results of $104.6 million.
Before that, Sigma had boasted a likely 10-15 per cent profit gain during fiscal 2008.
Sigma is struggling to have Chemists implement its Embrance support program, which has not delivered in line with expectations and is expected to cost the firm $8 million this year, Mr. de Alvis said.
The program known as Embrace was designed to attract more pharmacies to use Sigma Brands.
(Sigma stock closed yesterday $1.43)
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- sigma report coming out tomorrow
sigma report coming out tomorrow, page-14
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