Sigma first-half profit falls

Pharmaceuticals group warns of challenging environment, hopes for govt certainty.

Sigma Pharmaceuticals Ltd says it continues to operate in a challenging environment after posting a fall in first-half profit, but expects a stronger second half and will look to the new federal government to provide greater certainty in the sector including limiting further changes to the Pharmaceutical Benefits Scheme.

The group's net profit after tax attributable to members fell 37.6% to $16.3 million in the six months ended July 31, 2013, compared with $26.1 million in the previous corresponding period.

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