Chesnara PLC's (LON:CSN) John Deane joins Proactive London to discuss their latest results.
Deane talks through the results, which showed a loss of £9.1mln and economic value declined to £604mln though cash generated over the period was £12.9mln, which Chesnara described as a relatively reassuring outcome.
The company’s solvency ratio also rose to 166% compared to 155% at the end of September.
Deane refers to the 'extraordinary half year' and believes there will be an impact on new business as a consequence in the latter part of the year.
He goes to explain the decision to raise the dividend as cash reserves and its solvency position were largely unchanged in the half-year to end June.