Latest It Distribution Sector News

NuEnergy Gas Limited reports a mixed quarter with ongoing exploration costs and a strategic push towards early gas sales, while actively seeking new funding to sustain operations.

Coventry Group Limited has appointed Nik Alpert as Acting Group CEO, while announcing the retirement of CFO Rod Jackson and the upcoming appointment of Patrick Maloney as his successor.

Metcash Limited has announced a fully franked ordinary dividend of AUD 0.095 per share for the fiscal year ending April 2025, accompanied by a Dividend Reinvestment Plan offering.

Sigma Healthcare has released its standalone annual and sustainability reports for the year ending January 2025, marking the final disclosures before its merger with Chemist Warehouse Group in February 2025.

Sigma Healthcare’s recent merger with Chemist Warehouse Group is delivering strong earnings growth, with Normalised EBIT rising 36% in the first half of FY25. Transaction costs remain significant but the combined group’s outlook appears robust.

Oldfields Holdings announces the resignation of its Chairman, Managing Director, CEO, and a Non-Executive Director, triggering an interim leadership phase as the company searches for new executives.

Dicker Data Limited has updated its dividend distribution details, confirming an 11-cent fully franked dividend and setting the Dividend Reinvestment Plan (DRP) price at AUD 8.6584 per share.

Sigma Healthcare has raised its FY25 normalised EBIT guidance to $64-$70 million, driven by robust operational performance and the successful rollout of a key supply contract with Chemist Warehouse.

Sigma Healthcare has successfully passed all key resolutions at its extraordinary general meeting, clearing a major hurdle for its proposed merger with Chemist Warehouse. The deal now awaits final court approval, with implementation expected in February.