BFG expects first half profit (before tax) of approximately $22.5 million, up 59%

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  1. 79.4k

    Wednesday, 10 July 2019 – Diversified financial services business, Bell Financial Group Ltd
    (ASX:BFG) (Bell Financial Group) today advised that it expects first half 2019 (1H2019) net profit before
    tax attributable to shareholders of approximately $22.5 million, an increase of 59% on the previous
    corresponding period.
    All business divisions across the Group have performed well during the period. The result was achieved
    on Group revenue of approximately $120 million, a 21% improvement on 1H2018 revenue.
    Earnings per share of approximately 5 cents are expected for 1H2019, up 35% on the same period in
    A more detailed breakdown of the numbers will follow the publication of our audited half year accounts
    next month.

    courtesy of Commsec
    ( DYOR )

    i hold BFG

    nice !!!

  2. 79.4k

    Bell Financial Group Ltd (ASX:BFG) today announced that it expects to report full year revenue of
    $292 million (FY 2020: $299 million) and full year profit after tax of $44 million (FY 2020: $46.7
    Revenues in the Technology & Platforms and the Products & Services businesses* were up
    approximately 10% on the previous corresponding period to $66 million, with profit after tax up
    10% to $15 million.
    The growth in these divisions can be directly attributed to our ongoing investment in leading edge
    technology through the development of proprietary systems and platforms, and suite of products
    and services.
    Full details will be provided when audited results are released in February.
    *The Technology & Platforms and Products & Services businesses include our online share trading platform,
    Portfolio Administration Services (PAS) and superannuation products, margin lending, client funds at call and
    structured loan products.

    courtesy of Bell Direct
    ( DYOR )

    i hold BFG

    i was hoping to rescue my investment cash here , but i suspect this news will not lift the SP up to my target price , i MIGHT get a chance in February with the audited results

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