Australia's Codan hits record high on strong FY results

Cosol

21/08/2025 04:27

** Shares of Codan CDA.AX rise as much as 13.8% to a record high of A$26.89

** Stock marks its biggest intra-day pct gain since February 21, 2024

** Technology co reports 27% rise in full year profit attributable at A$103.5 million($66.44 million)

** Says annual revenue jumps 22% y/y to A$674.2 mln

** Declares final dividend of 0.16 Australian cents per share, payable on September 17

* YTD, stock up 65.6%, including the current session's move

($1 = 1.5579 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))