BFG reports strong revenue
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.
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