BELL FINANCIAL GROUP 1H PROFIT BEFORE TAX APPROXIMATELY $23.5 MILLION

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    Bell Financial Group today advised it expects to report a first half 2020 profit before tax of
    approximately $23.5 million, an increase of around 5% on the previous corresponding period.
    Executive Chairman Alastair Provan said, “At our AGM in April I said 2019 had been an
    outstanding year for the Bell Financial Group. Given the circumstances that we all find
    ourselves in today, to be able to produce a first half result that has us tracking better than the
    previous corresponding period is, I think, extraordinary.”
    Both our Retail and Wholesale Equities divisions performed strongly, and our Equity Capital
    Markets team have once again made a significant contribution.
    We continue to invest in our proprietary platforms, technology and products and services, and
    the benefits are tangible. The performance of two of our subsidiaries, Bell Potter Capital and
    Third Party Platform is particularly pleasing with their six months’ unaudited profit before tax up
    120% (to $2.4 million) and 140% (to $3.3 million) respectively.
    A detailed breakdown of our numbers will be included in an investor presentation following the
    publication of our half yearly accounts next month.

    courtesy of Bell Direct
    ==============================================================

    DYOR

    i hold BFG ( currently up 147% )

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