Australia's Bell Financial surges on robust bottom-line expectations

Bell Financial

11/07/2023 01:49

** Shares of Australia's Bell Financial Group  BFG.AX  rise 
7.7% to A$0.985, hitting their highest since May 1
    ** Stock on track for best day since June 30, if gains hold
    ** The online broking services provider expects to report a
profit before tax of around A$16.2 million ($10.84 million) for
the first half of 2023
    ** Adds anticipated profit before tax for H1 represents 21%
jump compared to same period previous year
    ** Stock has fallen 6.6% this year, as of last close 


($1 = 1.4950 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))