Bell Potter posts $22m full-year profit

By Reporter
 — 1 minute read

Bell Potter has announced an unaudited full-year profit of $22 million, up 165 per cent on the 2014 calendar year.

In an announcement to the ASX yesterday, the stockbroking group put the 165 per cent increase in its profit down to strong equity capital markets.

Bell Potter's institutional and equity capital markets revenues increased by 50 per cent to $41 million in 2015, with an profit before tax of $10.2 million (up 450 per cent on 2014).


Future and foreign exchange profit was $2.1 million, up 37 per cent on the previous calendar year; and full service retail equities profit rose 120 per cent to $8 million.

Bell Direct, the online broking subsidiary that is 56 per cent owned by Bell Potter, saw its revenue increase by 18 per cent to $10.1 million. Bell Direct's profit before tax doubled to $1.2 million.

Bell Potter Capital saw its revenue remain steady at $6.5 million, with profit before tax also steady at $1.4 million.

"While group consolidated net revenues increased by 14 per cent over the year, overheads fell by around 2.0 per cent reflecting the impact of recently renegotiated office leases," said the statement.

"The group’s funds under advice now exceed $32 billion with $28 billion in CHESS sponsored holdings, $900 million in cash deposits, $500 million in superannuation assets, $300 million in margin equity loans and more than $2 billion on our Portfolio Administration Service platform."

Read more:

Late-cycle investing must be active: Man GLG

Unemployment steady at 5.8% in December

Chinese reform vital to avoid 'growth collapse'

Emerging markets 'not all bad': Van Eck

QIC names new US-based partner



Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now. 

Bell Potter posts $22m full-year profit
investordaily image
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.