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Codan unearths riches

After the market closed on Wednesday, metal detection products company Codan announced it had achieved a net profit of $21.8 million, representing earnings per share of 14.3 cents.

Trevor Hoey
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After the market closed on Wednesday, Codan announced it had achieved a net profit of $21.8 million, representing earnings per share of 14.3 cents. This was in line with the expectations of analysts at Moelis.

The company declared a final dividend of 5 cents, bringing the full-year dividend to 9 cents, which was ahead of consensus forecasts.

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    Original URL: https://www.afr.com/companies/infrastructure/codan-unearths-riches-20110811-iu0v8