Bell Financial Profit Falls

Submitted by Share Trading on 18 January, 2011 - 09:49

Mid-size Australian stockbroker and financial adviser, Bell Financial Group (ASX:BFG) have released unaudited full year results which reveals that the company will post a 21 percent fall in profit. Bell Financial said that their unaudited full year net profit after tax for the year to December 31 was around $21.5 million, compared to their 2009 net profit results of $27.3 million.

The company owns an online brokerage company and an institutional broker Southern Cross Equities. The company also operates Australia's biggest private client networks, Bell Potter Securities, with 320 advisers and 14 offices nationally. Bell Financial Group will report its audited full year results to the market on February 19.

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