Investment News

Mawson Lakes-based Codan

Increase in demand for metal detectors drives record profit for Codan

Mawson Lakes company, Codan – a metal detector manufacturer and communications company – has almost tripled its market capitalisation to more than $1.9 billion in the past five months. The success has been driven by the launch of a new series of metal detectors (targeted at coin and treasure hunters) alongside the successful delivery of multiple large-scale communication systems projects.

Codan has also significantly increased its Minelab retail footprint across North America, Europe and Asia Pacific to expand the geographic reach of its gold detectors.

Please see the full article on the InDaily website.

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