Bell Financial Group (ASX:BFG) expects to report a profit after tax of AU$30.7 million in 2024, jumping 26% from the AU$24.3 million it reported in 2023, according to a Thursday Australian bourse filing.
It also expects to report full-year revenue of AU$276 million, rising 12% year-over-year, the filing said.
Profit after tax from the retail and wholesale broking business soared 115% year-over-year to AU$9.2 million, with revenues rising 12% to AU$177.8 million.
Profit after tax from the technology and platforms as well as the products and services businesses rose 16% to AU$21.5 million in the period. Normalized revenues from the businesses were up 8% to AU$85.8 million.
The firm's 2024 year report is slated for release in February.
Its shares rose 2% in recent trading on Thursday.
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