Bell Financial Group (ASX:BFG) Announces FY2024 Full Year Results
Financial Performance
Bell Financial Group reported a full-year profit after tax of $30.7 million, a 26.4% increase on 2023. Revenue grew by 11.9% to $276.4 million, with earnings per share at 9.6¢ and dividends increased to 8.0¢ per share, delivering a gross yield of 8.5%. Funds Under Advice reached a record $85.8 billion, and the company maintains a strong financial position with $130 million in cash.
Growth Strategy
The company is positioned for growth by focusing on people, technology, and products. Bell Financial Group is expanding its team, developing advisers and managers, and strengthening client relationships. It is also enhancing product distribution and investing in proprietary technologies to ensure cost efficiencies and secure operations.
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