Menu
Menu
Codan (ASX:CDA) lifts FY10 profit 142% to $31m

Codan (ASX:CDA) lifts FY10 profit 142% to $31m

Radio and satellite technology company (ASX:CDA) has reported a 142% increase in underlying FY10 profit to $31.1 million.

But audited profit grew by a comparatively small 20% to $14.4 million.

Revenue was $189.1 million, compared to $132.4 million the year before. The company said it was able to achieve these results due to the strong performance of its Minelab Electronics metal detection company.

CDA shares have today dipped 0.33% to $1.500.

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

Join the newsletter!

Error: Please check your email address.

Tags Codansatellitefinancial results

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO