Codan Limited (ASX: CDA) - Outperformed Across All Its Business Units in 1H17
Equity Research Coverage Reports
The company delivered revenue growth of 59.9% on the pcp to $103.9m and NPAT growth of 265% to $22.2m. Earnings was up across all three divisions with the Tracking Solutions division delivering its maiden profit. The sale of higher priced products saw the company deliver significantly improved margins for 1H17, with sales of the GPZ 7000 gold detector a key driver.
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