Codan's 2H Performance Puts Stock on Track for Record High Close -- Market Talk
Dow Jones
Apr 29
0102 GMT - Codan's positive trading update sends its stock up more than 15% to A$41.93, putting it on track to close at a record high. Codan now expects its Communications business to achieve revenue growth at the top end of its 15%-20% guidance range for FY 2026. It also said the division would achieve a 30% profit margin in FY 2026, a year earlier than previously thought. Combined with 2H revenue in its Minelab business tracking ahead of 1H levels, Codan forecast a more than 60% rise in annual net profit to around A$170 million. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 28, 2026 21:02 ET (01:02 GMT)
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