Bell Financial projects 26% jump in full year profit
Bell Financial Group has released its unaudited full year results in a statement on the Australian Securities Exchange (ASX), expecting to post a 26 per cent increase in profit after tax to $30.7 million.
The company also said it expects its full year revenue to be up by 12 per cent to $276 million, with revenue in its Retail and Wholesale broking businesses rising by 12 per cent on 2023’s results to $177.8 million.
Similarly, normalised revenues reported by its Technology & Platforms and Products & Services divisions had jumped by eight per cent from 2023 to $85.8 million.
The company expects to record a massive jump in profit after tax in its Retail and Wholesale broking businesses, up 115 per cent to $9.2 million; its Technology & Platforms and Products & Services arms saw a 16 per cent rise in profit after tax to $21.5 million.
Bell Financial Group said it will provide more comprehensive details when audited results are released in February.
Marina Nehme. Remember that name. If she ever tries to wangle her way onto any government inquiries or regulatory bodies…
Yes!! Hayne had the opportunity to ban VI but totally squandered this golden window of opportunity. The wrought continues.....
In reading this I am absolutely appalled and disgusted. I am not however surprised.
In my opinion, academic input into financial advice legislation and regulation, over many years, has delivered poor outcomes for the…
Academic funded by asic and Treasury no doubt. Corrupt sick and flawed. What a rotten and narrow minded outcome. So…