BFG unaudited full year profit after tax $30.7m, up 26%

Key points

• Revenue up 12% to $276 million
• Profit after tax up 26% to $30.7 million
• Retail and Wholesale broking business revenue up 12%, profit after tax up 115%

Full summary

Bell Financial Group Ltd (ASX:BFG) today announced that it expects to report full year revenue up 12% to $276 million (FY 2023: $247 million) and full year profit after tax up 26% to $30.7 million (FY 2023: $24.3 million). Revenues in the Retail and Wholesale broking business were up 12% on FY 2023 to $177.8 million, with profit after tax up 115% to $9.2 million. Revenues (normalised) in the Technology & Platforms and the Products & Services businesses were up 8% on FY 2023 to $85.8 million, with profit after tax up 16% to $21.5 million. Full details will be provided when audited results are released in February.

Guidance

Full year revenue up 12% to $276 million, full year profit after tax up 26% to $30.7 million.