Minelab shines for Codan

SOUTH Australian technology company Codan has reported a record half-year profit of $30.4 million after a 22% boost in sales of its metal detectors into artisanal gold mining markets across Africa.

Minelab shines for Codan Minelab shines for Codan Minelab shines for Codan Minelab shines for Codan Minelab shines for Codan

Minetec is not doing too well for Codan

The $100 million gold detector purple patch offset the performance of Codan's mining arm Minetec with poor sales of its underground products leaving revenue down 37.5%, from $5.7 million to $3.

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