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SelfWealth Revenue Rises 4.3% but Profit Collapses 75% as Costs Surge Ahead of Bell Deal
8:27am on Thursday 23rd of January, 2025 AEDT
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Financial Services
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SelfWealth Revenue Rises 4.3% but Profit Collapses 75% as Costs Surge Ahead of Bell Deal
8:27am on Thursday 23rd of January, 2025 AEDT
Key Points
Revenue increased 4.3% to $14.1 million
Profit after tax fell 75.1% to $407,483
Operating expenses surged due to infrastructure, security, and management hires
Bell Financial Group agreed to acquire SelfWealth at a 108% premium
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