Codan Limited (ASX:CDA) Reports H1 FY25 Financial Results
Financial Performance
Codan Limited reported a 15% increase in revenue for the half year ended 31 December 2024, reaching $305.6 million. Net profit after tax rose by 21% to $46.1 million, and earnings per share increased to 25.4 cents (up 21% on pcp).
Dividends
The company declared an interim dividend of 12.5 cents per share, fully franked, up 19% from the prior corresponding period. The record date for determining entitlements to dividends is 3 March 2025.
Future Outlook
Codan expects continued growth in its Communications segment, with overall revenue growth projected to exceed 15% for the full year. The company remains focused on strengthening its business and pursuing strategic acquisitions to drive long-term, profitable growth.
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