Codan reassures market regarding Malaysian developments
Following the Malaysian Government’s announcement of a suspension of all non-essential services from 18 March 2020 through to 31 March 2020, Codan Communications has released a statement to the Australian Securities Exchange stating that “This will impact our outsourced manufacturing provider ...” but that the two-week closure “... will not impact our ability to supply product over this period.”
“Consistent with the first half, the Codan group has continued to see strong sales through to March 2020. The business continues to have a strong balance sheet, with in excess of $65 million net cash,” the statement said.
“Since the initial outbreak of COVID-19 we have taken steps to prioritise the health and safety of our employees by implementing working-from-home measures, suspending all business-related travel, prohibiting non-critical external visitors and closely monitoring and adhering to Government guidelines.”
Scientific project to design more resilient 6G networks
The PROSPERO research consortium brings together nine organisations from six countries to...
Comms Connect Melbourne 2026 delivers
Over 1800 attendees, more than 90 exhibitors and sponsors, and 80 critical comms expert speakers...
ACCC seeking views on mobile coverage and services
The ACCC is seeking views from Australian consumers and businesses as it commences public...
