Australia's Zicom Group sees best session in nearly 8 years on positive outlook

Zicom

17/01/2019 24:29

** Shares of Zicom Group Ltd  ZGL.AX  soar as much as 38.3
pct to A$0.083, their highest since Oct 17, 2018
    ** The industrial machinery maker says it expects HY results
ended Dec 31, 2018, to be marginally profitable as compared with
loss in the previous corresponding period  urn:newsml:reuters.com:*:nASX60YYMP
    ** FY results ending June 30, 2019 are expected to be
positive as compared with the previous year 
    ** Co expects to be able to resume dividend payment in 2020 
    ** Stock posts biggest intraday pct gain since Feb 7, 2011
    ** About 412,000 shares change hands, compared with the
30-day average volume of about 352,000 shares
    ** Stock down 55.3 pct in 2018

 ((Soumyajit.Saha@thomsonreuters.com; Reuters Messaging:
soumyajit.saha.thomsonreuters.com@reuters.net))