Australia's Bell Financial rises on higher Q1 earnings

Bell Financial

19/04/2024 05:25

** Financial services firm Bell Financial Group  BFG.AX 
rises as much as 2.2% to A$1.380, its biggest intraday pct jump
since March 28
    ** BFG touched its highest level since April 10; currently
trading 0.7% higher at A$1.360
    ** Reports Q1 revenue of A$62 mln ($39.7 mln), up 17.4%,
while pre-tax profit A$9.3 mln, up 60%
    ** Adds, funds under advice were A$82.5 bln as at Q1-end, up
3.4% from Dec-end
    ** Says all business divisions profitable in Q1
    ** Including today's gains, BFG up 0.7% so far this year


($1 = 1.5627 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))