bullish
Bell Financial Group Ltd - Strong start continues - April YTD PAT +135%
SUMMARY
- RaaS Research Group has published an update report on diversified financials company Bell Financial Group (ASX:BFG) following the company's presentation at the Bell Potter Emerging Leaders' Conference yesterday.
- An April YTD trading update provided at the conference points to revenue growth of 23% and Profit After Tax (PAT) growth of 135%, an acceleration on Q1 CY24 Profit Before Tax (PBT) growth rates provided at the AGM, with all divisions profitable.
- This compares to a RaaS H1 CY24 PAT growth estimate of 90%, placing the group on track to achieve our H1 estimates.
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