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Hardman & Co Research on Chesnara plc (CSN): Great cash flow in tough markets

Hardman & Co Research
Hardman & Co Research on Chesnara plc (CSN): Great cash flow in tough markets

11-Apr-2023 / 08:05 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Chesnara plc (CSN):

Great cash flow in tough markets
 

Chesnara has announced its 2022 results. With weak equity markets and rising interest rates and credit spreads, the risk asset exposure weighed on results. Economic Value profit came in at a loss of £106.1m, compared with a profit of £57.8m in 2021. The balance sheet Economic Value also reduced from 416p to 340p at 31 December 2022 (although there’s a gain from Conservatrix to be added in January). Group cash generation, the movement in its surplus, was excellent. Base generation for the group was £82.7m, compared with £20.3m in 2021 As expected, the dividend was increased by 3% to give a total of 23.28p per share.

 

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1604325  11-Apr-2023 

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