annual report
2023
FY23 FULL-YEAR HIGHLIGHTS
- Group revenue of $456.5 million, down 10% versus FY22
- Statutory net profit after tax of $67.7 million and underlying net profit after tax of $65.5 million
- H2 FY23 underlying net profit after tax of $34.7 million, up 13% versus H1 FY23
- FY23 Communications revenue increased 14% versus FY22 to $274 million, upper end of target range
- Communications achieved segment profit margins of 25%, versus 21% in FY22
- Communications orderbook of $163 million, up 9% versus 30 June 2022
- Metal detection revenues increased 38% in H2
- Net debt of $52 million, down from $61 million as at December 2022
- Statutory earnings per share of 37.5 cents and underlying earnings per share of 36.3 cents
- Annual dividend of 18.5 cents, fully franked (interim 9.0 cents, final 9.5 cents)
Shareholder Notice – Right to Receive Documents
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For any information in relation to an investment in Codan Limited, please contact:
Kayi Li
Investor Relations
+61 8 8305 0311
[email protected]
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