Australia's Bell Financial hits 13-year high on FY profit jump

Bell Financial

14/01/2021 24:55

** Shares of financial advisory co  BFG.AX  rise as much as
8.3% to A$1.95, their highest since Jan. 10, 2008
    ** Co says for FY to Dec. 31, 2020, un-audited net profit
after tax rose 44% to A$46.7 mln ($36.19 mln)
    ** Un-audited rev was A$299 mln, up 18% - BFG  urn:newsml:reuters.com:*:nFWN2JO0WW
    ** Says funds under advice at end of FY was A$63.9 bln, up
9% 
    ** Stock posts biggest intraday pct gain since Dec. 15, 2020
    ** ~409,000 shares change hands vs 30-day average of
~195,000 shares
    ** Stock rose 52.9% in 2020

($1 = 1.2905 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))