Australia's Codan hits record high after raising half-yearly outlook

** Shares of Australia's Codan Ltd CDA.AX rise as much as 17.9% to A$61.3, their record highest level

** Stock hits biggest intraday pct gain since April 29

** Technology co now expects Communications segment to deliver H127 revenue of between A$400 million and A$410 million ($280.32 million - $287.33 million), compared to the A$221.8 million reported last year

** Co now targets FY27 revenue growth for the Communications segment to be in the range of 30% to 40%

** Currently, co expects Group net profit after tax for H127 of not less than A$160 million vs A$71.2 million a year ago

** YTD, stock up more than 110%

($1 = 1.4269 Australian dollars)