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BFG spikes on 47% profit outlook

Mike Taylor11 July 2024

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.

Mike Taylor

Mike Taylor

Managing Editor/Publisher, Financial Newswire

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