Australia's Bell Financial sees best day in 2-1/2 months on robust outlook

Bell Financial

16/09/2020 03:21

** Shares of Bell Financial Group  BFG.AX  climb as much as
9.3% to A$1.24, posting their biggest intraday pct gain since
July 1
    ** Investment and financial advisory firm expects profit
before tax for nine months to Sept. 30 of A$39 mln ($28.52 mln),
32% ahead of the same period last year, citing a "solid"
pipeline of equity capital markets work in hand  urn:newsml:reuters.com:*:nASX56X7Qz
    ** Melbourne-based BFG also sees revenue of A$202 mln for
year to Q3, up 12% from a year earlier
    ** Stock hits highest level since Aug. 26
    ** Nearly 705,000 shares change hands, compared with the
30-day average of ~342,000 shares
    ** As of last close, stock down 4.6% this year   

($1 = 1.3676 Australian dollars)

 (Reporting by A K Pranav in Bengaluru)
 ((Pranav.AK@thomsonreuters.com; Twitter: https://twitter.com/AKPranav1))