Bell Financial Group Limited
(ASX:BFG) expects to book a first half net loss of between $1.8 - $2 million.
The retail stockbrocking firm says, subdued market conditions have impacted its trading volumes over recent months, with the retail customer level affected the most.
Bell says despite the disappointing result, the group’s balance sheet and cash position remain strong with no debt other than within its margin lending business.
Bell Financial reported a 64.6 per cent decline in its net profit of $7.6 million for the 2011 financial year.
