Markets: Zicom infirmity

The surgical robot developer has seen shares plunge after slashing its net profit forecast for the 2013 financial year.

Zicom, the Brisbane-based engineering company that is developing robots to perform surgery, said its net profit in the 12 months to June 30 will fall by as much as one-fifth from the same period a year ago to $S6.2 million. The stock slumped by as much as 17 per cent.

In an ASX statement today Zicom said its revenue will probably be $S122 million compared with $S130 million in 2012. At 1414 AEST the company’s shares had fallen 4 cents to 20 cents, an intra-day low.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles