Codan shares hit record high after first-half profit forecast upgrade
The Australian electronics maker expects first-half net profit after tax of at least A$160 million and communications revenue of A$400 million to A$410 million.
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The Australian electronics maker expects first-half net profit after tax of at least A$160 million and communications revenue of A$400 million to A$410 million.
Shares rose as much as 17.9% to A$61.3, their highest on record, after Codan lifted Communications segment and group profit outlooks.
CODA reported revenue up 9.2% year-over-year to $7.7 million, citing Defense Engineering Services and Acoustic Sensors and Materials growth that offset Marine Technology declines.
Revenue grew 9.2% year over year to $7.7 million, while net income increased to $1.4 million. The company said Defense Engineering Services and Acoustic Sensors gains offset Marine Technology declines.
Coda Octopus Group said third-quarter fiscal 2026 consolidated revenue rose 9.2% and pre-tax income increased 16% from a year earlier. The company also said its Defense Engineering Services revenue climbed 68.3% and cash and cash equivalents totaled $31.7 million.