Codan Limited Reports Strong FY24 Growth

Codan Limited (AU:CDA) has released an update.

Codan Limited announced a robust financial performance for FY24, with a 21% increase in revenue to $550.5 million and significant growth in both earnings and net profit, which rose by 29% and 24% respectively. The company’s communications and metal detection segments both reported strong growth, contributing to an overall profit increase. The impressive results reflect both organic growth and strategic acquisitions, underscored by an expanding communications orderbook and an annual dividend increase.

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