BFG reports strong revenue

Bell-Financial-Group/ASX/australian-securities-exchange/financial-results/reporting-season/revenue/

24 October 2018
| By Mike |
image
image image
expand image

Bell Financial Group has reported a strong nine-month period, reporting to the Australian Securities Exchange (ASX) today that unaudited revenue for the period to 30 September was up 26 per cent to $169 million.

It said unaudited profit before tax was 113 per cent ahead of the previous corresponding period to $27.5 million and that all divisions were profitable.

The market update reinforced the company’s focus on technology and stated that “technology is the future of this industry and the future of this Group”.

The update also noted that the firm’s Third Party Platform was now fully owned by BFG and that it had opened the way for the facilitation of a possible move by Bell to provide third party clearing services.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

2 days ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 2 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5