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.