Sigma posts profit, despite challenges

Company News

Sigma Pharmaceutical Limited (ASX:SIP) has generated a first half net profit of $16.3 million despite difficult trading conditions and flat growth in the Pharmaceutical Benefits Scheme. 
 
The result marked a 37 per cent drop in the six months ended July 31, 2013, compared with $26.1 million in the previous corresponding period.
 
Sales revenue rose 3.1 per cent to $1.46 billion.
 
Sigma says it continues to operate in a challenging environment but will look to the new Federal Government to provide greater certainty in the sector.
 
The group declared an interim dividend of two cents per share, fully franked.

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