Codan Limited
(ASX:CDA) says it has posted an 8 per cent rise in net profit to $6.1 million.
The result was helped along by strong sales growth in the metal detection business with improved margins in other areas.
The company also says it is using its knowledge to enter new markets and while it is too early to provide definitive guidance it looks well positioned to deliver an improved net profit despite $2 million of restructuring costs.
An increased dividend of 2 cents per share has been declared.
