Australia's Bell Financial hits 2-month high on upbeat earnings forecast

Bell Financial

15/01/2025 23:56

** Shares of Bell Financial  BFG.AX  rise 3.4% to A$1.375, hitting their highest level since
Oct. 2
    ** Financial services provider expects profit after tax of A$30.7 million ($19.14 million)
for fiscal 2024, up 26% from A$24.3 million last year
    ** Also forecasts full-year 2024 revenue of A$276 mln, up 12% from A$276 mln last year
    ** Stock set for their best trading session since Nov. 22, if current gains hold
    ** More than 69,000 shares change hands, nearly the 30-day avg volume
    ** Bell up 0.8% YTD, including current session's moves


($1 = 1.6041 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))