Menu
Menu
Codan doubles 1H net profit to $13.6m

Codan doubles 1H net profit to $13.6m

Communications and broadcasting equipment designer Codan (ASX:CDA) more than doubled its net profit to a record $13.6 million in 1H10.

The company said the strong performance of its high-frequency radio equipment business contributed to the profit boost.

Revenue rose 25.7% to $89.4 million – also a record for the company – and Codan’s interim dividend grew 16.7% to 3.5 cents per share.

Managing director Mike Heard declined to give a specific second-half forecast. “But the result is likely to be well above the previous corresponding period,” he added.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags hardwareTelecommunicationsfinancial resultsCodan

Show Comments
Computerworld
ARN
Techworld
CMO