Australia's Codan rises on robust profit forecast
02/10/2026 04:30
BUZZ-Australia's Codan rises on robust profit forecast ** Shares of Australia's Codan CDA.AX up 29.2% for the week, headed for their best week since mid-April 2016, if current gains hold
** The electronics maker on Tuesday forecast first-half FY27 net profit of at least A$160 million ($110.77 million), more than double from A$71.2 million a year earlier
** Codan expects first-half communications revenue of A$400 million-A$410 million, up from A$221.8 million a year earlier, with about half expected to come from conflict regions
** Stock up 2.2% earlier in the day
($1 = 1.4445 Australian dollars)
(Reporting by Swetha Lakshmi in Bengaluru)