June 17 (Reuters) - Codan Ltd CDA.AX :
* WILL DELIVER A RECORD PROFIT THIS YEAR IN ORDER OF $63 MILLION NET PROFIT AFTER TAX
* RECORD SALES MONTH IN MAY & RETURNED TO OPERATING AT SIMILAR LEVELS TO FIRST-HALF RUN RATE
* CASH GENERATION EXCELLENT; BALANCE SHEET FURTHER STRENGTHENED TO ABOUT $85 MILLION NET CASH