Well I assume they haven't undertaken a massive increase in...

Well I assume they haven't undertaken a massive increase in inventory but it sure sounds like it was a very prudent decision to me (its a shame my vehicle manufacturer didn't do the same thing and perhaps I wouldn't have a 9 month wait for a new car!).

Here is the full highligts from the 17/2/2022 annnoucement:

RECORD FIRST-HALF RESULT
Highlights
• Highest half-year profit in the company’s history
• More balanced, diversified and stable revenues across the Codan group
• DTC secured the largest contract award in the company’s history
• Recent acquisitions, DTC and Zetron both tracking ahead of first year profit targets
• Communications orderbook of $163 million, $71 million expected to ship H2 FY22
• Excellent results from Minelab given geo-political disruptions and a return to more
normal levels of demand after the Covid impacted FY21
• The conscious decision to invest in increased levels of inventory across all business
units places the group in a strong position as we enter the second half of FY22
• Net profit after tax of $50.1 million, a 21% increase
• Group sales of $257 million, a 32% increase against FY21 record first half
• Interim dividend of 13.0 cents, fully franked, a 24% increase
• Earnings per share of 27.6 cents, up 21%