In its six month financial performance report, Codan (ASX:CDA) announced an underlying net profit after tax of A$34.7 million, marking a 13% increase from the first half of FY23.

However, the company also reported a revenue of A$456.5 million for FY23, which demonstrates a 10% decrease as compared to FY22.

Codan, nevertheless, declared an interim dividend of 9.0 Australian cents per share.

Their communications business, barring Eagle, is set to achieve between 10% and 15% growth in revenue by FY24.

Similarly, Minelab’s Recreational outdoors segment is predicted to see a high single-digit growth for FY24.

Codan is an international company that develops and delivers technology solutions to solve customers' communications, safety, security and productivity problems.