Bell Financial Group Ltd. provided earnings guidance for the first half of 2018. The company expects first half earnings of approximately $14 million before tax, a 65% increase on the previous corresponding period. The Group has had a good first half across all divisions. Group revenue improved by 14% to $101 million while overheads increased by less than 2% resulting in a bottom line improvement of more than 65% for the six month period, clearly demonstrating the market leverage in business model. Recurring and low touch revenues accounted for 26% of gross revenue which is consistent with last year, but larger in absolute terms given the stronger revenue base.