DJ 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.
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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 GBP106.1m, compared with a profit of GBP57.8m 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 GBP82.7m, compared with GBP20.3m in 2021 As expected, the dividend was increased by 3% to give a total of 23.28p per share.
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Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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End of Announcement - EQS News Service
1604325 11-Apr-2023
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(END) Dow Jones Newswires
April 11, 2023 03:05 ET (07:05 GMT)
