Hardman & Co Research on Chesnara Plc (CSN): Steady as she goes!

Hardman & Co Research Hardman & Co Research on Chesnara Plc (CSN): Steady as she goes! 26-Sep-2024 / 08:15 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Chesnara Plc (CSN): Steady as she goes! Chesnara has announced its 1H’24 results. The main features were positive equity market returns, offset to some extent by further adverse lapse experience. Economic Value profit of £20.2m was behind the 1H’23 result of £32.6m (excl. acquisitions). Economic Value saw a small decline to £508m, from £525m at the year-end, with the dividend payment and forex losses offsetting the earnings. Cash generation was solid, with base cash of £19.6m and commercial cash generation of £29.2m. The interim dividend, as expected, was increased by 3% to 8.61p. This will be the 20th consecutive year of dividend increases. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/steady-as-she-goes/ If you are interested in meeting the company, you can register your interest by clicking on the above link. To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on X: @HardmanandCo Contact: Brian Moretta [e-mail]   Hardman & Co Research can be accessed for free under MiFID. Please click here to read the statement. 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. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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1995923  26-Sep-2024