Hardman & Co Research on Chesnara plc (CSN) 117 0 Kommentare Good 2023 results set platform for future progress

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Good 2023 results for Chesnara plc
Economic Value profit of £59.1m, 2% higher than last year
Final dividend of 15.61p, full year up 3% from previous year

Hardman & Co Research
Hardman & Co Research on Chesnara plc (CSN): Good 2023 results set platform for future progress

11-Apr-2024 / 10:23 GMT/BST
The issuer is solely responsible for the content of this announcement.

Hardman & Co Research on Chesnara plc (CSN):

Good 2023 results set platform for future progress

Chesnara has announced its 2023 results. Positive returns from equity markets and gains from acquisitions in the first half were somewhat offset by adverse changes to operating assumptions in the second. Economic Value profit of £59.1m marked a good turnaround from a loss of £85.1m in 2022. Economic Value of £524.7m was 2% higher than a year ago, reflecting the dividend payment and forex effects. The final dividend of 15.61p brought the full year up to 23.97p, a 3% increase over the previous year. Cash generation was good with base cash generation of £32.6m and commercial cash generation of £53.0m.

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1878671 11-Apr-2024