Metal detector sales contribute to record revenue for Codan
Australia’s Codan has announced record sales and profit for the half year ended December 31, 2009. Managing Director, Mike Heard, said the exceptional demand for, Codan subsidiary, Minelab’s metal detection equipment saw its sales revenue more than double in the latest half year, accounting for 50% of the group’s record total revenue. Heard: “With the continuing high gold price, sales of detectors to gold prospectors in Australia and overseas were excellent.” (more…)
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