BFG unaudited full year profit after tax $30.7m, up 26%
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| Stock | Bell Financial Group Ltd (BFG.ASX) |
|---|---|
| Release Time | 16 Jan 2025, 9:19 a.m. |
| Price Sensitive | Yes |
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BFG reports 26% rise in full year profit after tax
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.
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