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bullish
Bell Financial Group Ltd - Recurring divisions solid, ECM impacts broking
SUMMARY
- Bell Financial Group Ltd (ASX:BFG) is a diversified provider of financial products and software solutions within, and increasingly outside, its traditional full-service stockbroking business.
- BFG has provided a trading update for the four months to April 2025 as part of its AGM presentation.
- While the combined Technology & Platforms and Products & Services profit before tax (PBT) has increased 15% on a 12% revenue increase, the Retail & Institutional business (traditional broking) has moved from positive $5.7m to a loss of $3.2m, an $8.9m turnaround on a revenue decline of 20%.
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