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.
He “addressed regulatory through our simplification work”. This just shows how out of touch and clueless he is. We had…
Another failed bureaucrat blowing his own trumpet as $$Billions blow up from MIS fraud & failures, that ASIC were warned…
ISFs want to rename everything they don't like to tell the truth about: HIDDEN Sales Advice COMMISSIONs = Collective Charges…
I think these numbers are too low. Especially if you live in major cities. I try to ensure none of…
Are Interprac / Sequoia going to pay the 10’s of $$ millions in AFCA complaints ? Even after Macquarie &…