Bell Financial Group expects 1H19 profit up 50%

Company News

by Rachael Jones

Diversified financial services business, Bell Financial Group (ASX:BFG) today advised that it expects its first half 2019 net profit before tax attributable to shareholders to be approximately $22.5 million.

That's an increase of 59 per cent on the previous corresponding period.

The result was achieved on Group revenue of approximately $120 million, a 21 per cent improvement on 1H2018 revenue.

Earnings per share of approximately 5 cents are expected for 1H2019, up 35 per cent on the same period in 2018.

Shares in Bell Financial Group (ASX:BFG) closed 1.11 per cent higher yesterday at $0.91.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.