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Codan’s First-Half FY27 Profit Forecast More Than Doubles on Communications Demand
Codan expects first half FY27 net profit after tax of at least A$160 million, more than double A$71.2 million a year earlier, and Communications revenue of A$400 million–A$410 million versus A$221.8 million; conflict... Codan shares reached a record high after the forecast; Investing.com reported an 18.85% rise duri...
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Key takeaways
- Codan expects first half FY27 net profit after tax of at least A$160 million, more than double A$71.2 million a year earlier, and Communications revenue of A$400 million–A$410 million versus A$221.8 million; conflict...
- Codan shares reached a record high after the forecast; Investing.com reported an 18.85% rise during the session.
- Minelab’s latest reported full year revenue rose 42% to A$362 million in FY26; the available first half FY27 trading update does not provide a new Minelab revenue figure.
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openai.comCreate a landscape editorial hero image for this Studio Global article: What did Codan forecast for first-half fiscal 2027 group profit and communications revenue compared with a year earlier, what drove the stro. Article summary: Codan forecast first-half fiscal 2027 group net profit after tax of at least A$160 million, more than double the A$71.2 million earned a year earlier. It expected Communications revenue of A$400 million–A$410 million, up. Topic tags: general, general web. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clic
Codan expects first-half fiscal 2027 net profit after tax of at least A$160 million, compared with A$71.2 million in the same period a year earlier. The forecast, which remains subject to final product mix and shipments, was accompanied by a Communications revenue outlook of A$400 million–A$410 million, up from A$221.8 million. 1
What is driving Codan’s forecast?
The stronger outlook is centred on the Communications business, which supplies equipment and components used in unmanned systems. Codan attributed the increase to strong demand from drone manufacturers and conflict regions, including areas affected by the Russia-Ukraine war and conflict in the Middle East. 6
Conflict-region sales are expected to account for about half of first-half Communications revenue, according to reporting on the company’s update. 4
10 That concentration is an important qualification: the forecast reflects unusually strong demand tied to current conflict-related needs, rather than a guarantee that this level of demand will persist.
Shares hit a record after the update
Codan shares climbed to a record high following the forecast. Investing.com reported an 18.85% rise to a record A$61.79 during the session. 1
18 The share-price response indicates how investors reacted to the profit and revenue outlook; it does not establish whether the forecast will ultimately be achieved.
Minelab’s latest reported results
Codan’s Minelab metal-detection business had a strong FY26: revenue increased 42% to A$362 million, and segment profit rose 65% to A$162.4 million. The company attributed the result mainly to strong global demand for gold detectors. 14
28
Those figures are for the full fiscal year ended June 2026, not the first half of FY27. Codan’s current first-half trading update centres on the Communications forecast and does not provide a new Minelab revenue figure. 1
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What is the short answer to "Codan’s First-Half FY27 Profit Forecast More Than Doubles on Communications Demand"?
Codan expects first half FY27 net profit after tax of at least A$160 million, more than double A$71.2 million a year earlier, and Communications revenue of A$400 million–A$410 million versus A$221.8 million; conflict...
What are the key points to validate first?
Codan expects first half FY27 net profit after tax of at least A$160 million, more than double A$71.2 million a year earlier, and Communications revenue of A$400 million–A$410 million versus A$221.8 million; conflict... Codan shares reached a record high after the forecast; Investing.com reported an 18.85% rise during the session.
What should I do next in practice?
Minelab’s latest reported full year revenue rose 42% to A$362 million in FY26; the available first half FY27 trading update does not provide a new Minelab revenue figure.