Bell Financial Group's Anticipated 1H2024 Profit Before Tax

Bell Financial Group Ltd (ASX: $BFG) anticipates reporting a first half profit before tax of approximately $23.8 million, a 47% increase on the prior corresponding period. The result reflects an improved performance in the company's Retail and Wholesale broking business, and continued meaningful contributions from its Technology & Platforms and Products & Services businesses. Full details will be provided when the Interim Financial Report is released in August.

Executive Commentary on Anticipated Profit Increase

The company is pleased to anticipate a significant increase in the first half profit before tax, driven by improved performance in our Retail and Wholesale broking business, as well as continued meaningful contributions from our Technology & Platforms and Products & Services businesses. We remain committed to providing full details when the Interim Financial Report is released in August.

Summary of Anticipated 1H2024 Profit Before Tax

Bell Financial Group Ltd (ASX: $BFG) anticipates a 47% increase in the first half profit before tax, primarily attributed to an improved performance in the Retail and Wholesale broking business, along with continued meaningful contributions from its Technology & Platforms and Products & Services businesses. The company emphasizes that this guidance is not a prediction of future performance or a guarantee of future performance, and it involves known and unknown risks, uncertainties, and other factors beyond its control. Bell Financial Group looks forward to providing full details in the Interim Financial Report to be released in August.