Bell Financial sees better second-half after profit dives
Bell Financial Group is tipping improved earnings in the second half of 2014, after the stockbroking and advisory company posted a 77 per cent drop in first-half profit due to flat equity trading volumes.
Bell Financial Group ’s executive chairman Colin Bell , is optimistic that deal activity will remain strong in the next four months, but concedes that equity trading volumes are difficult to predict, after flat activity saw the company post a sharp drop in interim profit.
Bell’s net profit tumbled to $759,000 in the six months ended June 30, down from $3.3 million in the same period in 2013, accounts lodged with the ASX showed on Friday.
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