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EQS-News News vom 11.04.2024

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

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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bm@hardmanandco.com

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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End of Announcement - EQS News Service

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