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Scholars in the Media

Codan shares surge on healthy earnings jump

Alf Ianniello (ILF 2011), Peter Charlesworth (ILF2013) & Daniel Widera (ILF2022)

Codan shares are trading at their highest levels in more than two years after the South Australian technology manufacturer posted a strong first half profit which was a quarter higher than the previous corresponding period.

Codan chief executive Alf Ianniello said it was a solid first half result. “We are pleased with the progress being made in communications as this business continues to strengthen,’’ he said.“With an order book of $183m, up 12 per cent versus 30 June, 2023, we are focused on greater revenue stability and predictability.

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