Australia's Bell Financial slides after H1 outlook

Bell Financial

12/07/2021 05:23

** Bell Financial Group shares  BFG.AX  fall as much as 5.7%
to A$1.67, their lowest level since March 29
    ** The stockbroker sees a tepid 3% growth in pre-tax profit
for the first half of fiscal 2021 at A$24 mln ($17.96 mln)
    ** Says revenue growth was partially offset by higher
investment cost in technology and staff
    ** Stock on track for its biggest pct decline since March 5
    ** More than 1 mln shares change hands, 6X the 30-day
trading average

($1 = 1.3360 Australian dollars)

 ((rushil.dutta@thomsonreuters.com))