Codan reported 16% growth in sales in FY2022

Codan Limited (ASX:CDA) has announced a record underlying and statutory net profit after tax of AU$100.5 million for FY2022 ended 30 June 2022. Its sales increased 16% to AU$506 million. CDA announced a final dividend of AU28 cents. Thus, bringing full year dividend to AU28 cents.

• The Company was able to maintain 20% NPAT margins despite global inflationary pressures.
• It maintained continuous supply to customers despite global supply chain challenges.
• Minelab was able to achieve its second highest sales result despite ongoing geo-political disruptions and an unprecedented level of demand during FY2021.
• Minelab Countermine business achieved record sales of AU$22 million.
• Zetron surpassed AU$100 million in sales because of securing several large contracts.
• Communications orderbook grew 23% to AU$149 million

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