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Chesnara boss hails significant boost to profits and cash generation

John Deane, chief executive of Chesnara Plc (LON:CSN) discusses with Proactive their first half performance.

Interim figures revealed the transformational impact its latest acquisition had on the firm as they unveiled a leap in profits and cash generation.

One of the main drivers behind the momentum was Legal & General Nederland, which has since been renamed Scildon and was bought earlier this year for £137.5mln.

The business generated almost £43mln, which allowed it to pay a dividend of 7 pence a share, up 2.9% on the same period 12 months ago.

Quick facts: Chesnara PLC

Price: 328.5 GBX

LSE:CSN
Market: LSE
Market Cap: £492.95 m
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Full interview: Chesnara confident about dividends after 'steady' interims

Life and pensions group Chesnara (LON:CSN) expects to maintain its dividend policy even though current market conditions are putting pressure on the cash it generates. CEO John Deane talks Proactive London through the company's half year results with the company dividend up for the fifteenth...

on 30/8/19

2 min read