← Back to Home

Macquarie Group posts 50% growth in first-half profit

Reuters

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)