2 surprisingly strong performing ASX shares in 2020

While we all know that the shares of Afterpay Ltd (ASX: APT) and Kogan.com Ltd (ASX: KGN) were extremely strong performers in 2020, a few lesser-known companies impressed.

Two surprisingly strong performing ASX shares in 2020 are listed below. Here’s why they smashed the market:

The Codan share price jumped 50% higher over the 12 months. Investors were buying the electronic products company’s shares thanks to an impressive full year result in FY 2020 and further strong growth in the new financial year.

In respect to FY 2020, Codan delivered record sales of $348 million thanks largely to strong metal detector demand. And on the bottom line, the company reported a record statutory net profit after tax of $64 million. This was…