BFG spikes on 47% profit outlook
Bell Financial Group (BFG) generated a spike in its share price with the announcement that it expect a 47% increase in net profit before tax to $23.8 million.
The announcement on the Australian Securities Exchange (ASX) saw BFG’s share price lift back to its year to date high of $1.42.
BFG said the result reflects an improved performance from its retail and wholesale broking business and continued meaningful contributions from its Technology & Platforms and Products & Services business.
The company will release its interim financial report, next month.
LIF and the woeful nature of the current IP policies compared to those in super are much more to blame…
I wonder which industry recovers following government intervention / regulation?
Suggesting the decline in insurance new business is a "ripple effect from the cost of living crisis" is deluded. The…
Congrats moronic and corrupt ASIC, Canberra bureaucrats and greedy Life companies. Once Dodgy Direct Life Ins was dead from RC.…
Its in existing law.SOCIAL SECURITY ACT 1991 - SECT 1223Ahttps://www.austlii.edu.au/cgi-bin/viewdoc/au/legis/cth/consol_act/ssa1991186/s1223a.html