Sigma Healthcare Signs New Agreement With MC/CW Group

  • Nov 25, 2019 AEDT
  • Team Kalkine

Sigma Healthcare Limited (ASX: SIG) has announced that a new first-line agreement has been reached with the My Chemist/Chemist Warehouse Group (MC/CW Group) for the supply of FMCG products and it is effective from 1 December 2019, with the gradual build-up of supply expected to reach a full run rate by July 2020.

  • The arrangements secure the first-line supply contract for 4.5 years, with sales in the first full year of operations of ~$700-800 million;
  • Other terms of the agreement remain commercial in confidence.

At AEST 01:15PM, the stock was trading at $0.712 per share, up by 7.06% from its previous close.

 

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