Nov 6 (Reuters) – Macquarie Group reported a 50% jump in its first-half profit on Friday, driven by a surge in income from its commodities trading and asset management businesses. Australia’s top investment bank said net profit attributable to shareholders was A$2.48 billion ($1.72 billion) for the six months ended September 30, ahead of the […]
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Macquarie Group posts 50% growth in first-half profit
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Nov 6 (Reuters) – Macquarie Group reported a 50% jump in its first-half profit on Friday, driven by a surge in income from its commodities trading and asset management businesses.
Australia’s top investment bank said net profit attributable to shareholders was A$2.48 billion ($1.72 billion) for the six months ended September 30, ahead of the Visible Alpha consensus estimate of A$2.32 billion and last year’s A$1.66 billion.
($1 = 1.4382 Australian dollars)
(Reporting by Sameer Manekar and Roshan Thomas in Bengaluru; Editing by Leroy Leo)