Chesnara has delivered another good set of results that extends its unbroken policy of growing its dividend along with strong growth in Economic Value (EcV). The IFRS pre-tax profit increased to £51.6m (H1 2016: £0.2m) helped by a £20.7m gain from the L&G Nederland acquisition (rebranded “Scildon”) whilst net EcV earnings increased to £105.8m (H1 2016: £3.5m loss) reflecting a £65.4m gain on acquisition. Cash generation was also good at &pou

31 Aug 2017
Doing exactly what it says on the tin – very well

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Doing exactly what it says on the tin – very well
Chesnara Plc (CSN:LON) | 267 -7.5 (-1.0%) | Mkt Cap: 616.4m
- Published:
31 Aug 2017 -
Author:
Barrie Cornes -
Pages:
6 -
Chesnara has delivered another good set of results that extends its unbroken policy of growing its dividend along with strong growth in Economic Value (EcV). The IFRS pre-tax profit increased to £51.6m (H1 2016: £0.2m) helped by a £20.7m gain from the L&G Nederland acquisition (rebranded “Scildon”) whilst net EcV earnings increased to £105.8m (H1 2016: £3.5m loss) reflecting a £65.4m gain on acquisition. Cash generation was also good at &pou