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Codan Surges with 52% Profit Growth Led by Metal Detection Boom

9:25am on Friday 9th of January, 2026 AEDT Technology
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Codan Surges with 52% Profit Growth Led by Metal Detection Boom

9:25am on Friday 9th of January, 2026 AEDT
Key Points
  • Group revenue expected at $394 million, up 29%
  • Underlying net profit after tax to exceed $70 million, a 52% increase
  • Metal detection segment revenue grows 46%, led by African gold detector sales
  • Communications segment revenue rises 19%, hitting upper growth targets
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