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HARDMAN & CO RESEARCH Hardman & Co Research on Chesnara Plc (CSN): Robust cash generation in challenging markets

Directive transparence : information réglementée

12/09/2022 08:15

Hardman & Co Research
Hardman & Co Research on Chesnara Plc (CSN): Robust cash generation in challenging markets

12-Sep-2022 / 07:15 GMT/BST


Hardman & Co Research on Chesnara Plc (CSN):

Robust cash generation in challenging markets

 

Chesnara has announced its 2022 half-year 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 £89.6m, compared with a profit of £38.5m in 1H’21. The balance sheet Economic Value also reduced from 416p at the year-end to 351p at 30 June 2022. Group cash generation, the movement in its surplus, was much more robust. Base generation for the group was £21.9m, more than the figure for 2021 as a whole. As expected, the interim dividend was increased by 3% to 8.12p per share.

 

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https://hardmanandco.com/research/corporate-research/robust-cash-generation-in-challenging-markets/

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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

1439765  12-Sep-2022 

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