Bell Financial expects 59 per cent increase in first half profit

Bell Financial Group has announced it expects a whopping 59 per cent increase in net profit before tax for its shareholders for the first half of 2019, as compared to first half of last year.

It told the Australian Securities Exchange (ASX) that this would represent profit attributable to its shareholders of around $22.5 million, as well as earnings per share for 1H2019 of five cents, up 35 per cent on 1H2018.

The financial services group attributed the increase to good performances from all business divisions for the period. This result was achieved on group revenue of $120 million, a 21 per cent improvement on 1H2018 revenue.

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