API keeps Sigma merger on the table

20 Priceline pharmacies opened and 7 closed during the past financial year

Priceline parent Australian Pharmaceutical Industries (API) remains open to a merger with Sigma Healthcare as an option.

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At the presentation of API’s 2019 results, chief financial officer Peter Mendo said the company believed there was strategic logic in a such a move.

However, the company was comfortable with its level of investment for now, he said.

API reported a net profit after tax of $56.6 million for the 12 months to 31 August, a 17% increase on the previous corresponding period.

In other results:

  • Excluding PBS reforms and

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