Codan Ltd (OTCPK:CODAF)

$ 7.11 0 (0%) Market Cap: 1.30 Bil Enterprise Value: 1.39 Bil PE Ratio: 26.25 PB Ratio: 4.70 GF Score: 89/100

Full Year 2020 Codan Ltd Earnings Call Transcript

Aug 20, 2020 / 01:00AM GMT

Release Date Price: $5.15

Transcript

Donald S. McGurk

Codan Limited - MD, CEO & Executive Director

Welcome to the Codan Results Briefing. We have a presentation that should be in front of you, and I will run through that presentation. We'll just go to the next slide.

We've obviously had a fantastic year in FY '20, and I think we did flag that earlier with an announcement some weeks ago, and pleased to report that the announcement that we made a few weeks ago came to fruition and a little bit extra, which is fantastic. So we have the highest full year profit in the company's history with records across both Metal Detection and Communications. And the Communications broken down into Tactical and LMR were both records in their own rights. So I think the perfect storm of everyone having a record has contributed to clearly the biggest sales and profit year in the company's history.

As a result, we felt it prudent to increase our dividend. So we've gone for an $0.11 fully franked final dividend, which supplements the interim dividend and gives us a total of $0.185. The balance sheet has also strengthened. We've generated

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