Bell Financial Group’s revenue on the rise

Company News

by Anna Napoli

Bell Financial Group (ASX:BFG) has announced its unaudited profit before tax rose 113 per cent to $27.5 million in the nine months to September when compared to the same time last year.

Revenues were also higher, up 26 per cent on the prior corresponding period to $169 million.

Meantime Equity Capital Markets (ECM) contributed $49 million to the overall revenue earned in the 9 months.

The financial advisory firm says all divisions were profitable and the company has a solid pipeline of ECM work through to the end of the year.

Shares in Bell Financial Group (ASX:BFG) are trading flat at 97 cents.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.