Codan Limited Upgrades its Profit Guidance

  • Dec 18, 2019 AEDT
  • Team Kalkine

Technology company, Codan Limited (ASX: CDA) is expecting its underlying net profit after tax for the six months to 31 December 2019 to be in the order of $30 million.

In recent months, the company’s Metal Detection and Communications sales exceeding the company’s expectations. As at 30 November 2019, the company had $44 million of net cash.

By AEST 1:18 PM, CDA stock was trading at $7.485, up by 10.485% on last close.


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