Surgical Innovations plunges on profit warning

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Surgical Innovations plunges on profit warning
Master Investor Magazine

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AIM-listed medical technology company Surgical Innovations (LON:SUN) has seen its share price plunge by 30% to 2.87p (as of 14:30 BST) after warning that performance during the second quarter of 2019 has been below expectations. European markets have been weak and the lower levels of elective surgery being carried out in the NHS has also had an impact on revenues.

Management do not believe that performance in the second half will outweigh the relatively weaker second quarter and have said that pre-tax profits are now likely to be below the level seen in 2018.

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