Chesnara PLC Reports Good Growth In Economic Value In H1 FY19

  • Aug 29, 2019 BST
  • Team Kalkine

Chesnara PLC, (LSE: CSN) reported strong growth in Economic Value during the first half of 2019. The company’s closing Economic Value for the period was of £645.1mn, 3% higher than at the end of 2018, after recognising £20.2mn of dividend payments and despite a foreign exchange loss of £7.9mn during the period. The group’s solvency ratio stood at 155%, stating that the group is well capitalised at both group and subsidiary level under Solvency II.

On 29th August 2019, at the time of writing, GMT 15:06 PM, CSN shares were trading at GBX 284.00, up by 2.00 points or 0.71% against the previous day closing price.

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