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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: 274 GBX

Market: LSE
Market Cap: £411.21 m

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Chesnara PLC keeping its head down and doing more of the same after...

John Deane, chief executive of Chesnara Plc (LON:CSN), discusses with Proactive's Andrew Scott the life and pensions company's 2017 results. Full year profits more than doubled on the back of its acquisition of Legal and General’s Dutch insurance unit. Deane says: ''We're really...

on 30/3/18

2 min read